Spain Bank Loan Audit Key to Stemming Bond Rout

Spain Bank Loan Audit Key to Stemming Bond Rout

Angel Navarrete/Bloomberg

Pedestrians pass a window display outside the El Corte Ingles retail store in Madrid, Spain. The possibility that Spain, with the revised deficit of 8.9 percent of gross domestic product last year, will need to fund bank bailouts has driven the country’s borrowing costs close to the levels that forced Greece, Ireland and Portugal to seek bailouts.