Spain is looking more like Greece
, as austerity protests
and planned budget cuts
shoot yields on Spanish 10-year bonds near 6%. The Catalonia region announces snap elections, which could lead to independence for Spain’s most economically important region. IBEX plunges 3.4%, and Banco Santander (SAN
) - also seeking to raise $4B
via a Mexico IPO - is 2.2% lower premarket.