Spain needs urgent finance says Premier

SPAIN’S prime minister says his country urgently needs financing and liquidity and cannot continue much longer with its current high borrowing rates. Mariano Rajoy, speaking in Paris, suggested the European Central Bank resume some of its emergency measures, such as buying the bonds of weak countries, which has the impact of lowering countries’ borrowing rates. At his side, France’s new president Francois Hollande pushed at his first EU summit later yesterday for Eurobonds.