Spanish stocks and Greek bonds

As of this moment, Spanish stocks have rebounded 13 %

Can't say I am surprised.

The immediate cause is the 750 billion euro "emergency fund" created by the European Union and the IMF to bolster the euro and the European economies.

But the truth is that, as always, markets had over-reacted to the Greek debt crisis, and the rumors of contagion (to Portugal, Ireland, Spain and even the UK) had grown out of hand.

In any case, I would recommend purchasing Greek bonds and Spanish stocks, at least until they recover their January levels.

There are several Spanish index ETFs. Essentially, buy European and national stock ETFs: http://www.marketoracle.co.uk/Article19050.html