Mariano Rajoy: Spain cannot sustain high rates in long term

Note: This section contains information in English only.
Source: BBC
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.

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