For market investors, the Catalonia crisis is no crisis

Even though Catalonia’s bid for independence may be Spain’s worst political crisis in decades, it has been no Grexit, Brexit or even Frexit for foreign investors.

Even though Catalonia’s bid for independence may be Spain’s worst political crisis in decades, it has been no Grexit, Brexit or even Frexit for foreign investors.

Overseas holders of Spanish stocks and bonds — and indeed owners of eurozone assets in general — have been quick to dismiss comparisons with a succession of rolling sovereign debt crises that hit the euro zone between 2010 and 2012.