Spain Presses ECB to Quantify Bond Purchases as Bill Yields Rise
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Spain said it needs to know how much the European Central Bank intends to spend buying its debt to decide if it should seek outside help as its borrowing costs rose at a bill auction in Madrid.
The auction was held amid mounting tension in Madrid where police have locked down the area around the parliament before protests scheduled for today and as Catalans agitate for independence. Prime Minister Mariano Rajoy has held off seeking aid since ECB President Mario Draghi last month said he’ll buy Spanish debt if Rajoy accepts conditions.