Bond sales spark fears for Spanish economy

Author (Person)
Series Title
Series Details 15.6.10
Publication Date 15/06/2010
Content Type

Article reports that investor fears over the financial health of Spain were raised again on the 14 June 2010 amid warnings of funding problems for the country’s companies and banks.

Government bonds were sold off sharply as the Spanish Treasury secretary and a leading banker admitted companies and banks were having difficulties raising funds.

The comments came as Spanish officials sought to dispel worries of an imminent European Union rescue.

Related Links
ESO: Background Information: Spain austerity plan approved by one vote
Spiegel Online International, 16.6.10: 'The Hounding of Spain Is Absurd',1518,701036,00.html
The Independent, 17.6.10: Spain: The new crisis in Euroland

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