Spain is in turmoil once again and the besieged European country is closer to asking for a financial bailout, but, perhaps investors should cut Madrid some slack, analysts say.
The Spanish government is taking tough measures to end the countryâ€™s debt crisis and the 2013 budget, expected to be outlined later on Thursday, could go some way to easing investor concerns, they add.
Protests against austerity measures hit Spainâ€™s capital city for a second night on Wednesday, while fears that Spain cannot get its finances under control have triggered a renewed jump in government bond yields and a sharp sell-off in Spanish stocks â€“ a move that has had ripple effects across global markets.
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