Spanish borrowing costs soar

Eurozone woes deepened Thursday as Spain and France were forced to pay sharply higher interest rates than usual and anti-austerity protesters in Italy and Greece clashed with police.

Spain was hoping to raise some €4 billion by selling 10-year government bonds but had to settle for little over €3.5 billion. It paid an interest rate of slightly less than 7 percent - the highest level since 1997 and 1.5 points above the average paid at similar tenders this year. It is a level of borrowing...