Hausse des taux d’intérêt : l’Espagne s’enfonce davantage dans la crise

Infographie : François Descheemaekere

Rising Interest Rates : Spain Slides Further into Crisis

[Spiegel Online]

The situation on the financial markets is getting tougher for Spain. The interest rates the country must pay on longer-term, 10-year bonds rose on Monday to over 6 percent for the first time this year. The government in Madrid is also warning that Spain has fallen back into recession.

Spain is once again experiencing tremendous pressure from the financial markets. With the economy sliding and Spanish banks no longer able to finance themselves independently, doubts are growing among investors that the country can service its debts without outside help. Some are already speculating that Spain will have to request aid from the European Union's euro rescue fund.
On Monday, the interest rate on 10-year government loans rose for the first time this year to over the 6-percent mark, increasing by 0.13 points to 6.12 percent. Investors are demanding increasingly higher risk premiums in order to buy Spanish bonds.
http://www.spiegel.de/international/europe/0,1518,827890,00.html