Richard Mcguire
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Greece market election bounce 'wearing off'

The relief rally on world stock markets following news that pro-bailout parties in Greece had secured a narrow victory in this weekend's crucial elections has quickly run out of steam.

Attention has once again turned to the financial problems of the other weaker members of the eurozone.

Spanish bond yields have jumped back above 7% - a borrowing level widely seen as too expensive and unsustainable.

Richard Mcguire from Rabobank told the BBC, "the magic is wearing off even more quickly than it has in the past".

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