Spain Adds to Fears for Future of Eurozone ; Yesterday in the City

Summary


Investors deserted the London market yesterday as fears of a eurozone collapse were fuelled by a worrying rise in Spain's borrowing costs.

The FTSE 100 Index fell 1.5% or 85.9 points to 5423.1 after Spain was forced to pay nearly 7% to borrow 3.56 billion euros (Pounds 3 billion).

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Extract


Spain Adds to Fears for Future of Eurozone ; Yesterday in the City

Borrowing costs in Spain, which is holding a general election ...

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