Spain's CDS at highest ever rate of 5.22%; Is default imminent?
PUBLISHED ON: April 17, 2012 | Duration: 4 min, 19 sec
James E Glassman, Sr Economist at JPMorgan Chase speaks about the threat of default by Spain as its CDS reached its highest ever rate of 5.22 per cent. However, he does not expect Spain to default as markets can exaggerate threat.
