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Jun 18, 2012 06:24
Category: General News

Spain Wants Bailout

   MADRID (AP) - The respite in the European Union's financial
crisis after the Greek election ended today when Spain's borrowing
costs smashed through the level at which Greece, Portugal and
Ireland sought assistance. The interest rate on Spain's 10-year
bonds stood at 7.06 percent, a rise of nearly 19 basis points for
the day. Spain has already requested a bailout for its banking
sector.