In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Q: When the Spanish bank bailout was announced, the head of the European Commission made a big show of saying that the money would be provided on good terms for the lenders. 
  
 That appears to have been a crock. 
  
 Rumors are beginning to circulate about the terms of the deal: 
  
 The Spanish government organization receiving the funds—FROB—will likely have to repay the funds at a 3 percent interest rate. 
  
 It won't start making payments until 2017. 
  
 It will have a 15-year repayment schedule. 
  
 Banks could ultimately have to repay the loans at an interest rate of 8.5 percent. 
  
 Given that Spain's 10-year bonds are currently trading at yields over 6 percent, Spain could be getting a sweetheart deal relative to the price it would pay to recapitalize banks on its own. 
  
 That is, if concerns about investor subordination and the size of the bailout end up being unwarranted. 
  
 Regardless of all these details, however, it is important to remember that the terms of the deal will not be finalized until the end of this month at the earliest. 
  
 EURO-DATES: Here Are The Next 9 Crucial Events In The Euro Debt Saga > ||||| Article Excerpt 
  
 Borrowing costs for Italy and Spain continued to surge on Tuesday, escalating calls for bigger steps from euro-zone leaders amid a new warning that the crisis is dragging down even the world's resilient emerging economies. 
  
 Spain's 10-year borrowing costs touched 6.80% before settling at a euro-era closing high of 6.72%, the second straight jump in the two trading days since European officials announced a bank bailout of as much as €100 billion ($126 billion) that was intended to calm markets. That fueled fears that the government itself could need its own rescue from the rest of Europe. 
  
 Italy's borrowing costs ... |||||
A: 
Spain's bank bailout hasn't exactly put the markets at ease—indeed, it may have done the opposite. Spain's 10-year borrowing costs closed at a euro-era high of 6.72% yesterday, the Wall Street Journal reports. Indeed, bond yields rose across Europe, with Italy's hitting 6.26%, its highest level in a year. "We're in very precarious times yet again," said an economist at the World Bank, which yesterday slashed its global growth forecast to 2.5%. The pessimism comes despite what Henry Blodget of Business Insider calls a "sweetheart bailout" for Spain's banks. If the rumors circulating are true, Spain won't have to make any payments until 2017, and will pay just 3% on the loans—even as the banks repay it at 8.5%. The European Commission had promised that the bailout would be made on lender-friendly terms, but "that," Blodget observes, "appears to have been a crock."