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Juan Esquer gives his opinion on the collapse of the Spanish equity and debt markets

Experts believe the ECB to be the key factor that will give us some time if we want to avoid a bailout.

Juan Esquer, partner at GBS Finance, believes the market is now at attractive levels to invest and is expecting some kind of moderation regarding the high yields demanded of Spanish government bonds in this complicated scenario. “We are missing unity in communications and actions, as well as some kind of concerted action”, he assures, adding that the euro needs to devalue so as to allow Europe to help solve its problems through higher exports.