Did Spain commit economic suicide?

Dailyfinance.com
Spain debt crisis
Spain debt crisis

A casual observer of the world's financial markets would have been forgiven two weeks ago for assuming that Spain's fiscal situation no longer threatened the integrity of the euro. The Iberian country's cyclically adjusted debt-to-GDP ratio is an extremely manageable 66%, and as recently as March 20, its government had auctioned one-year treasury bills at just over 1.4% in annual interest, the lowest yield in nearly two years.