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Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
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Analysts price Spain rescue at 150-450 b euros
If Spain cries out for a financial rescue, analysts say the price could be 150-450 billion euros ($186-560 billion) or, in the most worrying case, simply “unknown territory”.
Prime Minister Mariano Rajoy’s conservative government refuses even to countenance a bailout.
But markets are remorseless.
Ten-year government bond yields, or interest, pierced 6.7 percent this week. When compared with German debt, the extra rate charged on Spanish bonds hit 5.48 percentage points Friday, a euro-era record.
Latest figures showed a net 97 billion euros ($121 billion) of investors’ money fled Spain in the first three months of the year — the highest on record.
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