Spain's borrowing costs are likely to drop on Tuesday when it tests investor appetite for its debt for the first time since announcing more austerity last week, but not enough to suggest markets believe it can avoid a full-scale sovereign bailout. Prime Minister Mariano Rajoy unveiled a package of savings and tax hikes worth 65 billion euros ($80 billion) over the next 2-1/2 years, in a bid to demonstrate that Madrid can control its finances. But market doubts have kept its debt costs elevated with 10-year yields again heading towards the seven percent tipping point. Spain's Economy Minister said Europe's debt ... (full story)