Spain in race against time to avert bail-out – Telegraph

Markets have dashed any lingering hopes of an investor honeymoon for Spain’s incoming leader Mariano Rajoy, sending the IBEX index in Madrid crashing through the 8,000 level and pushing borrowing costs to toxic levels.

Yields on three-month Spanish notes jumped to 5.11pc at a sale on Tuesday, higher than rates paid by Greece last week.

Mr Rajoy’s team is scrambling to find ways to shorten the paralysing hiatus until mid-December when the new government is finally able to take charge under Spanish law.

Posted from WordPress for Android – mobile blogging!

One Reply to “Spain in race against time to avert bail-out – Telegraph”

  1. Tremendous! This particular is all I can think pertaining to a blog post like this excellent. This kind of is literally a notably explanatory article post on the blog. You just need to know a lot about this amazing.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.