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Pain in Spain: Messy election results drag down markets

From money.cnn.com

A general election in Spain has left no political party with a clear majority and thrown the country's political system into disarray. Spanish stocks fell 2% at the open Monday, bonds yields ticked higher and the euro tracked lower. The conservative party of current Prime Minister Mariano Rajoy won the most votes, but lost its majority. The Socialists received the second-most votes, while anti-austerity Podemos party, which was formed only last year, captured third. The country's next government is likely to be a coalition of parties cobbled together from across the political spectrum. Rajoy has implemented tough ... (full story)

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