Spain debt rises as bond rate stays in danger zone News of the country's rising debt levels came as the country's closely watched borrowing rate dropped slightly Friday but remained dangerously close to the level that forced Greece, Ireland and Portugal to ask for bailouts of their public finances, and the central bank reported the country's overall debt up sharply. Investors across Europe took heart from speculation that central banks around the world are gearing up for action to boost economies threatened by the eurozone's financial crisis.