Bailout call delay pushes up Spain's borrowing costs

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Bailout call delay pushes up Spain's borrowing costs

E
euronews (in English)

8 Views • Sep 25, 2012

Description

The amount of interest that the Spanish government is having to offer to borrow money in the short term is again creeping up.

That is because investors believe Madrid should ask for an international bailout sooner rather than later.

The Spanish government is reluctant because such a call would involve further austerity and oversight.

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http://www.euronews.net/