Dark news from the BBC:
Spain’s Prime Minister Jose Luis Zapatero has been forced to postpone his holiday as investors continue to flee his country’s debt.
Mr Zapatero had been due to leave for south-west Spain.
But on Tuesday, the yield on Spanish bonds reached 4.04 percentage points more than German debt – a record since the euro was introduced in 1999.
“The prime minister has postponed the start of his holidays,” Mr Zapatero’s spokesperson said. “He is keeping an eye on the international economic situation.”
Thank goodness someone is.