Economy - Voice of America: Spain Warns of Increasing Debt Costs

Economy - Voice of America economy-and-business

Spain Warns of Increasing Debt Costs Jun 27th 2012, 15:45 With Spain's economy sliding at a faster pace, Prime Minister Mariano Rajoy is warning that the government will not be able to sustain its high borrowing costs for much longer. Rajoy told parliament Wednesday that European leaders need to adopt strong banking and fiscal ties when they hold a two-day summit, starting Thursday in Brussels. The Spanish leader said he will call for leaders in the 17-nation currency bloc to send a $125 billion rescue package directly to Spanish banks, ... Media files: 2B22932D-54DB-4D2F-B025-A327772163FB_cx2_cy2_cw97_w800_r1.jpg (image/jpeg, 0 MB)

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