Portugal, Spain become new source of fear

Portugal, Spain become new source of fear

Nations may be next to see financial woes
PAUL WHITE/AP
Brokers look at the main screen at the Stock Exchange in Madrid on Tuesday. Spain’s borrowing costs have soared in a sale of three- and six-month bills amid fears the country could be affected by contagion from Ireland’s debt crisis. The central bank says the treasury was obliged to pay 1.7 percent in average interest to sell euro2.1 billion, about $2.87 billion, in 3-month bills, nearly double the 0.95 percent rate paid in the last such auction Oct. 26.
A woman hands out leaflets reading: “General strike” to commuters arriving in Lisbon from across the Tagus River on Tuesday. Workers’ unions have united in a call for a general strike for today protesting the government’s package of austerity measures aimed at controlling the country’s current financial crisis.

Portugal, Spain become new source of fear

PAUL WHITE/AP
Brokers look at the main screen at the Stock Exchange in Madrid on Tuesday. Spain’s borrowing costs have soared in a sale of three- and six-month bills amid fears the country could be affected by contagion from Ireland’s debt crisis. The central bank says the treasury was obliged to pay 1.7 percent in average interest to sell euro2.1 billion, about $2.87 billion, in 3-month bills, nearly double the 0.95 percent rate paid in the last such auction Oct. 26.
A woman hands out leaflets reading: “General strike” to commuters arriving in Lisbon from across the Tagus River on Tuesday. Workers’ unions have united in a call for a general strike for today protesting the government’s package of austerity measures aimed at controlling the country’s current financial crisis.
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