Spain Is the Mother of All Crises: CEO

3:00 AM ET Mon, 23 July 2012

"The market was focused on Greece which is a hopeless case and that will be even clearer after this week and everyone is of course nice to Italy and Spain because everybody knows that the buck really stops there and the Spanish government has utterly failed to address the situation," Beat Wittmann, CEO and partner at Dynapartners, told CNBC.