Flash: Spain and Portugal in focus – Deutsche Bank

FXstreet.com (New York) - Many investors look ahead to the July 21st deadline imposed by Portugal’s president for the main parties to form a “national salvation pact” to see out the completion of the country’s troika program mid next year, note Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.

According to the analysts, “This will capture the headlines with respect to the embattled Portuguese republic, as any setbacks could cause a flaring of turmoil in the region.” Elsewhere, we also have the latest allegations and pressure on PM Rajoy in Spain continuing to bubble up – so there’s still plenty to keep an eye on in Iberian politics.