In the midst of the worsening euro zone debt crisis Spain has survived a crucial test of its ability to sell government bonds. With the financial markets worried that the euro zone's fourth biggest economy could be the next to need a bailout Madrid managed to find buyers for 3.3 billion euros worth of bonds but had to pay a hefty - and unsustainable - rate of interest. Worries about Spain going the same way as Greece, Portugal and Ireland pulled down shares in Madrid nearly four percent with those falls mirrored around Europe. ... www.euronews.net
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