Thursday, May 17, 2012

WRAPUP 5-Spain beset by bank crisis, downgrades, bond pressure

MADRID, May 17 (Reuters) - Spain's borrowing costs shot up
at a bond auction on Thursday and its troubled banks suffered a
double blow, with shares in part-nationalised Bankia diving and
16 lenders - including the euro zone's biggest - having their
credit ratings cut.

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