Political scandals in Spain and Italy have rattled the markets and shaken the confidence of voters in their governments just when stability is needed to push through reforms to save their economies.

Twin scandals translated into sharply higher bond yields in Spain and Italy, reversing a downward trend that began last August, when the European Central Bank agreed to backstop any euro zone country in danger of getting shut out of the debt markets.

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/scandals-in-spain-italy-have-euro-crisis-bubbling-again/article8158662/