Spain's borrowing costs soar
The yield on 10-year Spanish bonds reached 7 percent on Thursday, the threshold that has triggered emergency bailouts for other countries in Europe over the course of its long-running debt crisis. Italy's borrowing costs also rose to dangerous levels, putting futher pressure on European leaders to craft a resolution to the crisis.
By The Week Staff | June 14, 2012
T
he yield on 10-year Spanish bonds reached 7 percent on Thursday, the threshold that has triggered emergency bailouts for other countries in Europe over the course of its long-running debt crisis. Italy's borrowing costs also rose to dangerous levels, putting futher pressure on European leaders to craft a resolution to the crisis. 
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