España...olé!...criss...

Worries about the solvency of its banks, particularly the bailout of huge Bankia, rating agency calls that the Spain economy has entered a double dip recession, and nearly 25% unemployment, have pushed Spain’s borrowing costs above 6.5%. Most economists believe that this level cannot be sustained by a country which needs capital to feed deficits which may not fall much for years. Or, they may balloon if the nation’s economic recession turns into a depression...