News Summary: Spain asks for bank action plan

Published



THE NEWS: Spain’s finance minister warned that the country’s sky-high borrowing costs will lead to more trouble accessing credit markets.

THE NUMBERS: The interest rate on Spain’s benchmark 10-year bond rate was at 6.31 percent on Tuesday and, although declining, was still very close to the levels that pushed Greece, Ireland and Portugal to ask for bailouts over the past two years.

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