Spain borrowing needs rise on banks, regions; debt-to-GDP ratio to rise to 90.5 pc in 2013 vs 85.3 pc in 2012

MADRID: Spain's borrowing needs will rise in 2013 from this year as the government pours cash into its battered banking system and its cash strapped regions, the detailed budget document showed on Saturday.

Spain Sale Improves Funding Prospects

Spain's ailing finances got a needed boost Thursday from the sale of long-dated debt, much of it to foreign buyers, clearing the biggest hurdle for the country since the European Central Bank signaled two weeks ago that it stood ready to buy bonds of fiscally frail euro-zone members.