In Spain: Still raining trouble.

Spain is still hemorrhaging from its deficit. Govt forecasts this year's deficit to be 243B Euros, falling slightly to 215-239B next year. If all goes well and there is a recovery. So, the national debt of Spain is expected to rise to 99.8% of GDP. Following the intervention of the ECB, Spanish interest paid on 10 yr bonds has fallen all the way to 4.36%.