| Series Title | Spiegel Online International |
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| Series Details | 16.4.12 |
| Publication Date | 16/04/2012 |
| Content Type | News |
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Article and features in various information sources report that the situation on the financial markets was getting tougher for Spain in April 2012. The interest rates the country must pay on longer-term, 10-year bonds rose on the 16 April 2012 rose to over 6% for the first time in 2012. The government in Madrid was also warning that Spain has fallen back into recession. El País reported that despite a series of reforms, including a drastic overhaul of the laws governing Spain’s labor market, and a draconian austerity drive, investors were starting to question whether the Rajoy administration could deliver on its budget-reduction pledges at a time when the economy was heading for another recession. |
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| Source Link | Link to Main Source http://www.spiegel.de/international/europe/0,1518,827890,00.html |
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| Countries / Regions | Spain |
