Thursday was that day in past few months, when money at the lowest rates was borrowed by Spain's business leaders, a recent report has revealed.
Besides, the country has also asked the government to ask the European Central Bank for help. Since, it wants no more rises in the interest rates, as per the findings. Though, the nation has been doing so for it believes that lack of help from the ECB may contribute to short-life of the lower rates.
But, investors had estimated that the same would happen i. e. Spain would be seeking help from the ECB's new bond-buying program. And therefore, the bond auction is being treated as a success.
The report finds that Spanish executives had expressed frustration when it came to the cost of borrowing. They were worried regarding the same even though, maximum revenue is gained from outside the nation.
A commitment has not yet been made by Spain and the government has only been suggested to request a bailout. Carlos Espinosa de los Monteros had affirmed that they would be turning up to the ECB. "We need to pay similar rates of interest as our competitors and in order to do that we need this help from the central bank", said he.
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