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The big reason everyone is so worried about Spain’s election result
A new day has clearly dawned for Spanish politics and on Monday, financial markets were grappling to understand it and what lies ahead for the country. Spain’s main stock index XX, -2.56% lost over 2% on Monday, dragging what few other markets were open down as well. That included Greek stocks GD, -3.11% dealing with another ripple for their own well-known debt problems. The big losers in Spain were the banks, which took a big hit on a thin day of trading with other markets on holiday. Losses could build for Spain and trickle down to other markets on Tuesday when the U.K. and Germany return, as well as Wall Street ... (full story)