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Spain feels debt heat, Greece way off bailout terms

From reuters.com

Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone. Spain's increasingly desperate struggle to put its finances right has seen its borrowing costs soar to levels that are not manageable indefinitely, reflecting a growing belief that it will need a sovereign bailout the euro zone can barely afford. It has become the recent focus for investors, but Greece - where the sovereign debt crisis began - remains a powder keg. If Athens ... (full story)

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