FTSE LIVE: Markets plunge as Spain unrest and fresh Greece strike reignite euro crisis

By This Is Money Reporters

PUBLISHED: 02:26 EST, 26 September 2012 | UPDATED: 07:38 EST, 26 September 2012

13.35: The market sell-off has worsened amid uncertainty over whether Spain will accept the terms of a eurozone bailout.

Spain's 10-year interest rate rose above 6 per cent for the first time since the European Central Bank offered to buy up government debt to bring down borrowing costs earlier this month.

Prime minister Mariano Rajoy has yet to say whether Madrid will apply for such aid, given the conditions likely to be attached to the assistance.

Opposition: Peaceful demonstrators marched to the Spanish parliament to protest against austerity measures, but there were clashes with police elsewhere in the city

The FTSE 100 has slid deeper into the red, down 73.5 points at 5,786.2 in lunchtime trading.

The blue-chip fallers board was dominated by financial stocks, with Royal Bank of Scotland off 11.2p to 258.8p, Barclays down 8.85p at 214.35p and Lloyds Banking Group 1.4p lower at 39.2p.

http://www.thisismoney.co.uk/money/markets/article-2208743/FTSE-LIV...