[Moltke]

The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc.

Uh-huh. OMG 7%!!! I guess many factors come into play, but here's a graph of interest rates for 10 year German Bunds since 1972 for reference:

[green iguana]

When inflation is near zero and falling, and other countries in your area are selling bonds at negative interest rates, 7% is high enough to destroy a country with the debt of Spain.

[scooby321]

Spain Eliminates Green Energy Subsidies – Green Energy Industry Promptly Exists Spain