Spain Warns On Debt Access

Investor's Business Daily
June 2012
Investors Business Daily;6/6/2012, pA01
3.� �The budget minister said capital markets are closing to Spain because investors are demanding too-high yields. But Spain, which explicitly pleaded for bank aid, plans to sell debt Thu., and the 10-year yield fell to 6.31%. A German paper said European officials are weighing a Spanish credit line from the bailout fund. Banco Santander's chairman told Reuters that Spanish banks need 40 bil euros in more capital, but added there's no fin'l crisis. S&P sees a 1/3 chance Greece exits the euro.


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