Wed, 27 Jun 2012 13:45:50 GMT
Mariano Rajoy: Spain cannot sustain high rates in long term
Span cannot sustain high borrowing costs at long run, said Mariano Rojoy, Spain's PM. Recently, yields on 10-year sovereign bonds soared to 6.8%, the level considered to be unaffordable. Mariano Rajoy claimed that a subject of financing is of paramount importance as country has applied for funds but has not been bailed out yet.