While you were sleeping Spain spoils the party, again

Tue, 02 Oct 2012

By Margreet Dietz Oct 3 (BusinessDesk) - Equities pulled back on both sides of the Atlantic after Spanish Prime Minister Mariano Rajoy quashed hopes today that a request for European aid was imminent. Rajoy made the comments following a report by Reuters yesterday that Spain's request for European Union assistance may come as soon as this weekend. Asking for EU assistance would allow the European Central Bank to start lowering the debt-laden country's borrowing costs by buying its bonds. Spain's bonds held onto gains following Rajoy's comme...

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