Guardian Live - Euro: Reports in its 9.53am post that Spanish Bonds have crossed the 7% Mark.
Lets Get Real:
If Spanish Bonds stay at 7% folks then the Spanish Government will have to ask for a major bailout, the 7% mark is seen as the cliff by the markets, it would cost to much for Spain to borrow. This was the fate of the other PIIGS, they were forced to accept a bailout, the new Conservative Government in Spain is lucky, it has just gotten elected, thus has a few years before the next election. Interesting day ahead folks.
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