The AP reports that Spain’s economic future, despite the recent Greek election, seems bleaker than before as the interest rate on Spain’s 10-year bonds has jumped beyond 7 percent. The rise, indicating a depleted market confidence following the country’s recent bailout request, is higher than Greece, Portugal, or Ireland maintained when the three requested financial assistance.
Spain will reveal later this week how much it will request from the 100 billion euro fund, once a pair of independent auditors reveal results from their economic tests.
