Economy - Voice of America: Spain Raises $2.6 Billion on Bond Market

Economy - Voice of America economy-and-business

Spain Raises $2.6 Billion on Bond Market Jun 7th 2012, 16:06 Jitters about Spain's financial crisis eased slightly after Madrid raised roughly $2.62 billion from a bond-market sale, although at high interest rates. But there are more worrying signs for the eurozone, including a rise in French unemployment. Spain's successful bond sale shows Madrid can still access credit markets. But the high interest rates underscored investor fears about the country's troubled banking sector. However, European leaders may be closing in on a rescue ... Media files: DB10B0AF-8ED6-4FBA-8F96-84118EFF0A4D_cx0_cy7_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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