Interest rates on Spanish debt bonds exceed 7%.

- Interest rates on Spanish and Italian debt securities rose ahead of the meeting of eurozone finance ministers on Monday (July 09). The yield on Spanish 07-year government bonds, which are seen as strong indicators of the interest rate the government will have to pay to obtain loans, rose above 7%. The yield on Italian government bonds increased to 6,1%.

Interest rates above 7% are considered unsustainable in the long term. Italy and Spain want the agreements reached at last month's meeting of eurozone member countries to be implemented as quickly as possible, making it easier to access the bloc's aid funds.

However, other countries that use the European currency, such as Finland and the Netherlands, are reluctant to accept collective responsibility for the debts of other countries. The finance ministers of the eurozone countries are meeting this Monday in Brussels.