Investors no longer have to worry about a messy exit from the eurzone, but they know it’s still a long road to solving Greece’s economic troubles even after the New Democracy party won enough votes to begin forming a coalition government. Attention quickly turned from the outcome of Sunday’s election to the next immediate crisis: Spain’s rising bond yields. In a report from NPR: “There is deep concern that the euro crisis relief will be temporary as the much larger economies of Spain and Italy remain under pressure due to high borrowing costs, anemic growth and debt.” The New York Times writes, “Market relief at the future of the euro zone began to fade by midmorning Monday, as stocks and the euro retreated and Spain’s borrowing costs pushed up to around the 7% barrier seen by many as unsustainably high.”
Market rally fades as investors turn attention from Greece to Spain (NPR)
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