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.