Spain’s cost of borrowing on the international debt markets rose sharply again Monday, increasing concern that the country may become the latest member of the eurozone to seek a financial bailout.
The yield — the interest rate Spain would have to pay to raise money on the debt markets — on the country’s 10-year government bonds jumped to 6.10 percent on the secondary market, according to financial data provider FactSet. It had closed at 5.93 percent Friday after a week of persistent market tension. Monday’s yield is the highest since the country’s new conservative government under Prime Minister Mariano Rajoy took office in December.SPAIN HAD NO BUSH TAX CUTS, NO "UNFOUNDED" WARS, AND NO "WALL STREET GREED".
THESE UNMANAGEABLE AND UNAFFORDABLE DEBTS ARE THE FRUITS OF SOCIALISM.