Euro Yields Rise

Looks like the panic that is Europe is continuing to spread.  Today the spreads between French, Spanish, and Belgian bonds vs. the German equivalent rose.  It looks as if Spain is approaching the dangerous 7% threshold that stirred things up in Italy last week.  Yet the ECB is still on record as saying that it will not serve as the lender of last resort.  Looks like this crisis is going to get a lot worse before it gets better.