Spain Bank Problems Loom Over Markets

Infowars.com Wednesday 9th May, 2012

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. Read full article

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