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Financial Risk Comparison
🇮🇹 Italy vs 🇪🇸 Spain
SIGMA Engine Systemic Risk Analysis · 2026
🇮🇹
Italy
54.1
accumulation
Kairos 30.1d·EU
🇪🇸
Spain
49.3
accumulation
Kairos 30.4d·EU
SIGMA Verdict
Spain presents lower systemic risk at SIGMA 49.3 vs Italy at 54.1 — a 4.8-point spread. Italy's primary risk driver is Sovereign/Fiscal. The Kairos temporal window suggests Italy has the more immediate risk horizon.
Risk Dimensions
🇮🇹 Italy
🇪🇸 Spain
Sovereign/Fiscalsafer →
82
58
Banking Stresssafer →
65
55
Currency Risksafer →
38
33
Political Risktied
62
62
Contagion Risksafer →
72
62
🇮🇹 Italy
Biggest Risk
Sovereign/Fiscal
82/100
Strongest Shield
Currency Risk
38/100
🇪🇸 Spain
Biggest Risk
Political Risk
62/100
Strongest Shield
Currency Risk
33/100
Frequently Asked
Is Italy safer than Spain for institutional investors?
Based on SIGMA Engine v5.0 analysis, Spain shows lower systemic risk at 49.3/100. However, risk profiles differ: Italy has strongest exposure in Sovereign/Fiscal while Spain is most stressed in Political Risk.
What drives the SIGMA score difference between Italy and Spain?
The 4.8-point SIGMA spread reflects divergent risk trajectories. Italy's elevated regime is driven by Sovereign/Fiscal pressure at 82/100.
Related Comparisons
Full Italy–Spain analysis: entity-level SIGMA, contagion paths, Phantom scenarios.
Daily brief · Kairos window · Early warning signals
Access Full Comparison →