Why Spanish bond yield spike may not herald disaster for eurozone

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Investors have suggested the eurozone crisis has not yet reached another critical stage, despite a €100bn bailout of Spanish banks failing to prevent the country's borrowing costs reaching record highs last week.

With markets underwhelmed by the bailout package and Moody’s downgrading Spain’s credit rating to one notch above junk, Spanish 10-year government bond yields hit a euro-era record of 7% last Thurs...

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