Is The Euro Banking Crisis Over?read thetickerupdated Feb 03, 2013TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.The head of the IMF recently stated as have many other that Euro debt crisis is behind us. Interesting. Squawk Box Europe CNBC Question: Why did the Spanish bond yields fall from a 'its over' 7.5% to a 'manageable' 5% during the last 7 month (during US Election period as well). Answer: Who has been buying Spanish bonds? Why themselves! How? The Spanish government spent 90% of the country richest piggy bank the ‘Social Security Reserve Fund’ (SSRF). They spent their own monies to avoid the ECB tougher austerity demands and auditing process attached to the OMT funding window. The SSRF is now bust, what is next? Watch the Spanish bond market closely as the Spanish 10 yr is ticking up.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.