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July 20, 2012

Spanish debt crisis returns as Germany nears bailout fatigue

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Spanish borrowing costs have surged to euro-era highs despite draconian fiscal cuts and backing from the German parliament for the country's €100bn (£78bn) bank rescue package. Yields on five-year bonds jumped to a fresh crisis peak of 6.46pc at a closely-watched auction as hopes fade for fresh s... FF News: Fundamental

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