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Spain feels pressure as borrowing costs rise

Spain's financial situation continues to worry investors as borrowing costs rise and the Catalonia region confirms it will need government funds.

Spain's implied cost of borrowing over ten years hit a fresh euro-era high of 7.57% on Tuesday.

Fears are now growing that the country will be unable to avoid a full bailout

Gavin Hewitt reports

  • 24 Jul 2012