Spain’s budget minister, Cristobal Montoro, said something that hasn’t startled the market, but should. Montoro urged euro-zone nations to rush to the aid of Spain’s banks — because Spain can’t. From the WSJ story by David Roman: Spain’s Budget Minister Cristobal Montoro on Tuesday urged euro-zone partners to act faster to help support its enfeebled banks, saying that the government has effectively lost access to capital markets because of steep risk premiums demanded by sovereign bond investors. That should have sent people scrambling. Forget about Greece being the first in a string of dominoes that topples the euro ... (full story)