Spain Bank Problems Loom Over Markets

BBC News
May 9, 2012

Spanish shares have fallen and the interest rate on the country’s benchmark 10-year bond has risen amid fresh worries over the banking sector.

The Ibex market fell by 3% and bond yields rose above 6%, a level seen as unsustainable.

On Friday, Madrid will unveil a plan to clean up banks exposed to the property and construction sector crashes.

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This article was posted: Wednesday, May 9, 2012 at 9:14 am

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