Thursday, May 17, 2012

Spain returns to recession amid bank crisis


http://www.reuters.com/article/2012/05/17/us-spain-economy-idUSBRE84G0CK20120517

Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports that nationalized Bankia had suffered an outflow of deposits hammered its share price.

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