http://www.bloomberg.com/news/2012-04-04/rajoy-says-spain-in-extreme-difficulty-as-bond-demand-drops.html
The pain in Spain...is falling mainly on...demand for its sovereign debt.
Yesterday Madrid wanted to sell E3.5bn/$4.64bn...in 5 year bonds...but could only peddle E2.6bn worth...disappointing the 'markets.'
It's 10 year borrowing costs are near January's dangerous 5.7% level.
Add in growing unemployment...now 23.6%.
And...PM Mariano Rajoy says Madrid...is in 'extreme difficulty."
He is also floating the idea of a bailout...again.
The euro slid...to $1.31.
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