IBT: Euro Zone Finance Ministers Meet as Spanish Bond Yields Soar
The situation in Greece, with its new, pro-euro government, may have provided some temporary respite to euro zone ministers meeting in Luxembourg on Thursday (June 21). Financial markets decided otherwise and sent Spain's medium-term borrowing costs to a euro-era record.
Spain was waiting for the results of an independent audit set to reveal how big a capital hole in Spanish banks it needs to fill by a euro zone bailout.
