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