Demonstrators crowd Cibeles Square during a general strike on March 29, in Madrid, Spain.(Getty Images)
Demonstrators crowd Cibeles Square during a general strike on March 29, in Madrid, Spain.
(Getty Images)

Spain Clamps Down on Protesters as Nation Edges Toward a Bailout

April 16, 2012  •  From theTrumpet.com
As the ECB turns off the money tap, the euro crisis rears back up.
 

The interest rates of 10-year Spanish government bonds reached 5.99 percent on April 10—the highest since December 12—close to the danger zone that has forced other nations to ask for a bailout.

For the past few months the European Central Bank (ecb) has been flooding the market with cheap credit through its long-term refinancing operations (ltro). This has dealt with some of the surface problems and kept the eurozone ticking over and out of the headlines. But now that the money spigot has been turned off, the euro’s troubles are emerging again.

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