Spanish industrial output gets worse.

The Eurozone may think it has averted catastrophe, for now, but the south remains mired in depression. The decline in Spanish industrial production accelerated sharply in November, dropping to -7.2% on year from -3.1 in October and marking the 15th consecutive month of falls. Still, investors don't seem to be too bothered, with Spanish shares and 10-year bond yields little changed at midday in Europe