Analyst: Spain May Leave Eurozone Before Greece

The world is gnashing its teeth over the notion that Greece could exit the eurozone, dubbed by markets as a “Grexit.”

Market observers should fret more over a “Spexit,” one analyst says, as a Spanish withdrawal from the eurozone is more likely as the country is too big to bail out.

“The Spanish are a lot more likely to pull out of the euro than the Greeks, or indeed any of the peripheral countries,” says Matthew Lynn of Strategy Economics on Wednesday, according to CNBC.

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