Telegraph Live: Reports that the costs of Spain borrowing on bond markets have hit a three year high. Thus last week the Spanish Government went with a tax hike for the rich, now the costs of borrowing on the markets have hit a three year high, lets be honest here folks, the PIIGS are a basket case, it will need trillions to bail them out, the question is who will pay, the German voter is sending a clear message to the Coalition German Government, they are voting for the left wing Opposition Party, thus a clear message to Berlin. Either all EU Counties and that includes the UK put some money in to a giant money pot to bail out the PIIGS or the Euro will fall apart under its own pressure. God knows what the Markets are smoking, they are up, what does it take a Great Depression 2.
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