Published on Aug 21, 2012 by Euronews
http://www.euronews.com/ The amount of interest that Spain had to pay fell at its latest short-term debt auction on Tuesday.
That implies investors believe the European Central Bank will intervene on bond markets to help Madrid borrow at more affordable rates.
But the lack of detail over when and how the Bank could act meant the interest rates - or yields - remained punishingly high.
...
That implies investors believe the European Central Bank will intervene on bond markets to help Madrid borrow at more affordable rates.
But the lack of detail over when and how the Bank could act meant the interest rates - or yields - remained punishingly high.
...
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