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2012-06-19 — telegraph.co.uk
Yields on 10-year Spanish bonds surged to a record high of almost 7.3pc as investors ignored the victory of pro-bailout parties in Greece's elections... Cristobal Montoro, the economy minister, warned that Spain is now in a "critical" condition and pleaded with the European Central Bank to act with "full force" to defeat markets hostile to the euro project.
...
[OECD head] Angel Gurria urged the ECB to force down yields on Spanish and Italian bonds and deploy "every instrument, tool, and asset" in its arsenal, saying it would longer be enough to cut interests rates.
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