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Financial Risk Comparison
🇪🇸 Spain vs 🇧🇬 Bulgaria
SIGMA Engine Systemic Risk Analysis · 2026
🇪🇸
Spain
60.1
accumulation
Kairos 28.8d·EU
🇧🇬
Bulgaria
56.7
accumulation
Kairos 29.4d·CEE
SIGMA Verdict
Bulgaria presents lower systemic risk at SIGMA 56.7 vs Spain at 60.1 — a 3.4-point spread. Spain's primary risk driver is Political Risk. The Kairos temporal window suggests Spain has the more immediate risk horizon.
Risk Dimensions
🇪🇸 Spain
🇧🇬 Bulgaria
Sovereign/Fiscalsafer →
58
52
Banking Stresssafer →
55
50
Currency Risksafer →
33
30
Political Risksafer →
62
55
Contagion Risksafer →
62
48
🇪🇸 Spain
Biggest Risk
Political Risk
62/100
Strongest Shield
Currency Risk
33/100
🇧🇬 Bulgaria
Biggest Risk
Political Risk
55/100
Strongest Shield
Currency Risk
30/100
Frequently Asked
Is Spain safer than Bulgaria for institutional investors?
Based on SIGMA Engine v5.0 analysis, Bulgaria shows lower systemic risk at 56.7/100. However, risk profiles differ: Spain has strongest exposure in Political Risk while Bulgaria is most stressed in Political Risk.
What drives the SIGMA score difference between Spain and Bulgaria?
The 3.4-point SIGMA spread reflects divergent risk trajectories. Spain's elevated regime is driven by Political Risk pressure at 62/100.
Related Comparisons
Full Spain–Bulgaria analysis: entity-level SIGMA, contagion paths, Phantom scenarios.
Daily brief · Kairos window · Early warning signals
Access Full Comparison →