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Credit markets close doors to Spain as banking crisis grows
Spain’s Minister of Finance and Public Administrations Cristobal Montoro
The Greek stock market has plummeted 5.9 percent after Standard & Poor’s credit rating agency warned that the country has a one-in-three chance of leaving the eurozone.
The minister made the remarks on Tuesday, admitting that Spain’s high borrowing costs have shut out bond markets at a time when the country seeks...
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