Spain to seek bailout if yields too high for too long

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Spain to seek bailout if yields too high for too long



Spain's Prime Minister Mariano Rajoy addresses the 67th session of the United Nations General Assembly at UN headquarters in New YorkMADRID (Reuters) - Spain's Prime Minister Mariano Rajoy on Wednesday said he was ready to seek a new rescue package for his troubled country but only if its debt financing costs remain too high for too long. Investors have been jittery that Spain's apparent reluctance to seek a bailout - a condition for European Central Bank action to cut the country's borrowing costs - could propel the euro zone into even deeper trouble. ...









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