Spain's borrowing costs have risen at its latest bond auction, as Spaniards prepare to vote for a new government to tackle its financial crisis.
On money borrowed today, payable in 10 years, Spain has to pay an interest rate of 6.975%, the highest since 1997.
A high rate or yield indicates investors may not have confidence in a government to fully repay its debts.
The figure is perilously close to 7% - the level at which other eurozone countries have had to seek bailouts.
The average yield on 10-year Spanish government bonds soared from 5.433% in October.
Italian 10-year bond yields passed 7% earlier this month.
Opinion polls indicate that the opposition Popular Party will win Spain's general election on Sunday, ending seven years of Socialist government.
http://www.bbc.co.uk/news/business-15771776
They couldn't even sell all of their bonds...even Italy accomplished that. They're getting rid of the socialists, but too late. Another change in government leadership just like Greece and Italy, all in the span of a couple of weeks.
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hey they are part of the Global Economy? 
