A rise in Spain's borrowing costs yesterday fuelled fears about the eurozone debt crisis and triggered a selloff on world markets.
A rise in Spain's borrowing costs yesterday fuelled fears about the eurozone debt crisis and triggered a selloff on world markets.
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Spain's borrowing costs rose close to 6%, reflecting worries the country would struggle to keep up with repayments on its debt mountain and could ultimately need a bailout.
The eurozone fears, combined with worries that the US would fail to maintain its recent strong growth, dra.2%, or 128.12 points, to 5595.55, with banks among the biggest losers. The selloff means £33.2 billion was wiped off the value of London's leading shares index.
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