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| Infographie : François Descheemaekere |
Spain Jolts Euro Zone Back on Alert
[The New York Times]
A surge in borrowing costs for Spain on Wednesday unsettled financial markets and showed that even if the European debt crisis was in remission, it was not cured. A decision by the European Central Bank on Wednesday to leave its main interest rate unchanged also reflected concerns about the broader euro zone, where the economy was sputtering and credit was still tight.
The Spanish debt auction came just days after the government of Prime Minister Mariano Rajoy announced deep budget cuts meant to reassure investors that Madrid could meet its deficit-reduction targets.
Lire : nytimes.com
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