Rajoy warns on Spain's borrowing costs

2012-05-16 7

Greece's political stalemate is already splashing over onto Spain.

On Wednesday, the Spanish Prime Minister Mariano Rajoy said Madrid if facing trouble borrowing enough as the interest rate - or yield - it is having to pay to sell its government bonds shoots up.

Spain's yields are back up near the levels that led to Greece, Portugal and Ireland having to be bailed out.

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