Borrowing costs soar in Spanish debt auction

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Wed, 20 Jun 2012 1:24p.m.

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Spain found it increasingly difficult to find buyers for its debt when it had to pay a sharply higher interest rate in an auction of short-term bonds, highlighting growing concerns that the country might eventually need foreign help to finance itself.

Spain found it increasingly difficult to find buyers for its debt when it had to pay a sharply higher interest rate in an auction of short-term bonds, highlighting growing concerns that the country might eventually need foreign help to finance itself.

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