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July 5th, 2012 
FAKE NEWS for the Zionist agenda The Spanish Treasury sold the bonds in an auction of three, four, and 10-year bonds which has been the first such sale since the EU summit last week.
However, Madrid had to offer investors an average interest rate of 6.43 percent that was about 0.40 percent more than the last comparable auction on June 7.
The rise indicated that investors remained concerned about the long-term financial strength of the eurozone’s fourth biggest economy.
This is while the EU leaders agreed at the end of their summit on June 29 to directly support the struggling banks and bring down the borrowing costs for the stricken member-countries such as Italy and Spain.
The Spanish Central Bank also announced that repayment rates on the country’s four-year bonds rose to 5.53 percent, from 5.35 percent on June 7.
The rates on the three-year bonds, however, fell to 5.08 percent from 5.45 percent in the last comparable sale on June 21.
Battered by the global financial downturn, the Spanish economy collapsed into recession in the second half of 2008, taking with it millions of jobs.
Many economists believe Spain’s economy will enter into a new recession in the first two quarters of 2012.
TNP/SS
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