June 20, 2012
Spain’s Finance Minister Cristobal Montoro scratches his face during a control session Wednesday at the Spanish Parliament, in Madrid. The interest rate Spain would have to pay to raise money on the world’s bond markets continued to rise Wednesday amid worries a planned bank bailout might not be enough to save the country from needing an overall financial rescue.
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Spain’s finance minister insisted again Wednesday that the country does not need a full-blown bailout, even as the country’s sky-high borrowing costs remained at dangerous levels.