MADRID: Spanish debt yields jumped and shares in Bankia SA plunged to record lows after the government, struggling to sort out its finances, put forward a plan to revive its fourth largest lender involving more public debt.
Prime Minister Mariano Rajoy pinned the blame for rising Spanish borrowing costs on concern over the future of the eurozone and again ruled out seeking outside aid to revive a banking sector laid low by a property boom that has long since bust.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
