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Spain eclipses Greece pro-bailout victory


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Greece avoided political chaos after pro-bailout party ND victory in Sunday's election, but that was not enough, as the market experienced one of the most disappointing and brief relief rallies one may recall, with the focus turning fully back to Spain.

 

With the noise of the Greek election almost gone, the market appears to be increasingly worried by the lack of clarity on the Spain bank bailout and the poor prospects of growth the country is projecting.

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