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The things are looking at strong demand -- -- a Spanish bond auction this morning many worried.
The -- 125 billion dollar bank bailout won't be enough Ashley Webster in Madrid with the latest actually.
-- how you doing Connerly you know that bond auction didn't go well earlier today but it came at a high price that three year Spanish notes having -- yield to some five and a half percent that's more than double.
Them was paid back in March that gives you a sense of the a high costs that Spain is having to pay right now.
We are awaiting the results of the latest order -- on Spanish banks it may be out we understand within the next.
Ten minutes and then we'll get a better understanding perhaps of how much money the Spanish banks need.
With regard to the bailout money up to a 125 billion dollars available -- how much of that do they need is that enough.
We would hope so certainly but.
In the meantime we could certainly see and feel the -- signs of stress here in Madrid.
Earlier today I ran into a man by the name of Manuel Benitez and pretty typical I think of the people here in Spain who are struggling to find a job and I asked him how badly Spanish economy.
Proof it's while it's impossible to as far as politics sometimes.
And stricken people who we are -- -- -- we are living room around and where.
We're being asked for two months and eventually -- it's.
It's gotten worse -- its -- and worse and worse.
It's very hard that in the and unemployed for -- -- when healthier of this microphone and I'm coming from non jump into -- And it's.
Question do you.
By the way -- Emmanuel allow was sudden going for a job from IBM he said there -- two positions opened five candidates he's got his fingers crossed and we wish him the very best in the meantime guys.
We'll be keeping an eye on that bank -- -- bring you the very latest from Madrid back to you.
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