GREECE, PORTUGAL AND NOW-SPAIN!

The dominoes continue to tumble.

"Europe's debt crisis spread its contagion to another country Wednesday when a major agency downgraded Spain's credit rating, even as Germany grudgingly moved closer to bailing out Greece from imminent collapse.

Greece and Portugal -- up to now the focus of alarm -- are relative economic minnows. But Spain's economy, at four times the size of Greece, is considered by many too big to rescue.

At stake is the threat of higher borrowing costs that could crimp government spending for years and undermine the once-mighty euro."
Yahoo Finance