Spain is looking more like Greece, as austerity protests and planned budget cuts shoot yields on...

|By:, SA News Editor
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.