Spain crisis: Bond yield hits bailout danger zone
Meanwhile, Spain’s central bank announced Monday that bad debts held by the country’s banks rose to a new 18-year high in April, indicating more companies and individuals are failing to make payments on time. The amount stood at €152.7 billion, or 8.72 percent of the loans held by Spanish banks. The rate was 8.37 percent in March.
DiLorenzo reported from Brussels. Daniel Woolls contributed from Madrid.