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Spain Short-Term Debt Costs Seen Doubling on Tuesday
Troubled debtor Spain will seek to raise relatively small amounts of short-term funds on Tuesday from investors who fear its shrinking economy is acutely vulnerable to a new flare-up in the euro zone crisis. Spain's upward revision of its 2012 budget deficit target last month, combined with the latest data on the bad debts encumbering its banks, look set to push up financing costs from a month ago when it issues up to 2 billion euros ($2.6 billion) in Treasury bills. Spain's implied borrowing costs came under further market pressure on Monday as a political crisis in the Netherlands, one of the euro zone's stronger ... (full story)
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