Spain strives to assure investors it can service debt

06/15/2010 | New York Times (tiered subscription model), The

Investors are demanding higher interest rates for Spain's debt, as the debt-ridden country tries to convince markets that it will be able to continue servicing financial obligations. The Spanish government raised €5.2 billion at an auction for 12- and 18-month bills at significantly higher rates than it paid last month. The results heightened concerns that costs to finance Spain's debt could become too high.

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New York Times (tiered subscription model), The

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