Spain 'will not need full bailout'

AOL Money Staff
Euro coin over Spanish flag
Euro coin over Spanish flag

Spain's finance minister has insisted again that the country does not need a full-blown bailout, even as the country's sky-high borrowing costs remained at dangerous levels.


The interest rate, or yield, on the Spanish benchmark 10-year bond fell 22 basis points to 6.78%, below the 7% level it has been hovering above since Monday.