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Amid ongoing declines in bank lending, many Eurozone companies are finding they must be self-sufficient from a funding perspective.
Requests for emergency loans adds to pressure on Prime Minister Rajoy.
Towns and regions are squabbling with the government about spending and how to allocation tax receipts.
Fourth austerity package in seven months raises sales tax to 21% from 18%.
Three-year bonds sold at the highest rate in eight years.