Spain borrowing cost crisis: Rate at euro-era high

MADRID (AP) — Spain's benchmark borrowing rate hit its highest level Tuesday since the country adopted the euro currency, after ratings agency Fitch downgraded 18 banks on Tuesday and investors continued to find more questions than answers in the country's decision to seek help for its ailing bank sector by tapping a €100 billion ($125 billion) eurozone bailout fund.

By: Associated Press , The Jamestown Sun