Saturday, June 2, 2012

Spain fears as future of euro at risk

Jun 1, 2012 by

Spain saw its bond yields shoot up again after the country's economy minister said that the future of the euro would be determined in the next few weeks and would depend on the stability of Spain and Italy.

The interest rate on 10-year Spanish bonds stood rose 0.13 percentage points to 6.58 per cent in early trading on Friday. The rate was more than 5.4 percentage points higher than the equivalent German one, which is considered a safe haven for investors.

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