The latest panic over Spain: time to buy!

With Spain hit by protests, threatened by separatists and crippled by its banks, markets have slumped as investors have taken fright once more. But amid all the panic, says John Stepek, there are buying opportunities for the bold.

Spain is really going through the wringer. The next few days could be make-or-break time for the country.

The country's Ibex index (equivalent to our FTSE 100) fell by nearly 4% yesterday as investors fret over political turmoil in the country. The cost to the Spanish government of borrowing money over ten years rose back above 6%.

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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.