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Unions say some teachers are being assigned to teach subjects they know nothing about. Spain, meanwhile, easily raised euro4.45 billion ($6 billion) in an auction of short-term debt, although higher borrowing rates reflected investor worries over the impact of Europe's debt crisis. The Treasury had wanted to sell between euro3.5 billion and euro4.5 billion in the auction. It sold euro3.59 billion in 12-month bills at an average interest rate of 3.59 percent, up from 3.34 percent at the Aug. 16 auction. Demand outstripped the amount actually sold by a ratio of 2.8. Spain also sold euro870 million ($1.2 million) in 18-month bills at an average yield of 3.8 percent, compared with 3.59 percent on Aug. 16. The oversubscription rate was 2.7.
[Associated
Press;
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