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Spain: No European bank bailout

Stocks dip, interest rates jump in wake of lender’s nationalization

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Photographs by DANIEL OCHOA DE OLZA / AP

Conservative Spanish Prime Minister Mariano Rajoy insisted Monday that the country’s banking sector would not need an international rescue as concern over the bailout of nationalized lender Bankia sent its stock price plummeting while Spain’s borrowing costs soared.

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  • Headline: Spain: No European bank bailout
  • Publication: Front Section, Pages 6 on 05/29/2012
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