Spain up against a wall as borrowing costs soar

Spain up against a wall as borrowing costs soar
Bankia woes, downgrade, central-bank governor exit pile onto crisis
MADRID (MarketWatch) — Economists and analysts were asking just how long Spain can hold out before it needs a bailout for its banks in a chaotic trading session Wednesday that sent the government’s borrowing costs soaring to nearly the highest levels since the euro’s inception.
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