Market Week

Your guide to what's going on.

21st July, 2012

The big story

"The Spanish ghost is rising again." That's what one investment strategist told Bloomberg after the Ibex Spanish stock index crashed by nearly 6 per cent and bond yields shot up through the 7 per cent mark on Friday.

The proximate cause? Market fears that the €100 billion bailout agreed by European finance ministers last week to rescue **Spain's ailing banking sector** would not be enough to set the country's economy right.

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