Spain’s borrowing costs hit near euro-era highs

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Spain’s borrowing costs hit near euro-era highs

Financial Times – Spain’s borrowing costs soared to within a whisker of a new euro-era high as mounting fears over its wilting economy and government finances overwhelmed the eurozone’s approval of loans to help Madrid recapitalise its banks. The euro tumbled to its lowest level in more than two years against the dollar, losing 1 per cent to dip below $1.22 as investors fled for the safety of the US currency, and the Spanish stock market suffered its worst day in over two years. Read Article

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