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Is it better to travel in Spain and Portugal by bus or train?

Hello travelers around Europe, what would be the cheapest way to travel by bus in Spain and Portugal in order to visit big and small towns? Next year, I plan to visit the above countries and I know that TGV is not cheap and i am not interested to get anywhere expressly. I am also ready to travel by local slow regular trains stopping on my way with no rush is this is better? Do these trains still exit? I know that train has passes but what about buses? Before anyone asks tours are a bit out of budget. Thanks a lot.

TGV does not operate in either country, it is French. The rail networks are operated by Renfe and CP. Highly unlikely any pass on either rail network will be value but you will have to do the maths comparison. Buses are cheap and operated by local firms in many instances and would require looking to each one's website.