Speculation dangers fade

Published on 2 August 2010 at 09:42

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"The latest economic figures are chasing away the sharks", rejoicesPúblico. The left-leaning daily explains that "general transparency and the stress tests have quelled the panic in the markets" and that "the majority (of hedge funds) have curbed their speculation against Spanish companies". The improvement of the risk premium, along with rising stock market results, which climbed 13.5% in July, and an increase in available liquidity confirm "that comparison with Greece was greatly exaggerated", the paper concludes.

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