Spain is on the brink: here’s what it means for your money

Spain's debt problems are coming to a head. Markets slumped as investors shunned its latest bond auction, and borrowing costs spiralled. John Stepek looks at what's next for Spain, why it matters, and how it will affect you.

I had a nagging feeling all last week that there was something missing from my usual routine.

Then on Friday night it hit me. I'd managed to go a whole week without feeling the need to write about the eurozone.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.