As expected, the eurogroup approves Spain bank's bailout. Spanish Economy Minister Luis De...

|By:, SA News Editor
As expected, the eurogroup approves Spain bank's bailout. Spanish Economy Minister Luis De Guindos will explain the details of the MOU to parliament on Monday and it is due to be signed on Tuesday.  However, yields on 10-year government bonds are soaring 11 bps to 7.12%. The bailout may not be enough.