Tuesday, October 08, 2024
69.0°F
<p>A demonstrator hits a pot during a protest against the financial crisis and the latest government Economic measures in Sol square,in Madrid Sunday June 10, 2012. Spain's grinding financial misery will get worse this year despite the country's request for a European financial lifeline of up to a euro100 billion euros ($125 billion) to save its banks, Prime Minister Mariano Rajoy said Sunday, a big blow to a nation that took pride as the continent's economic superstar just a few years ago only to see it become the hot spot in the eurozone debt crisis. A day after conceding Spain needed outside help after months of denying it would seek assistance, Rajoy said more Spaniards will lose their jobs in a country where one out of every four are unemployed as the country becomes the fourth and largest of the 17 countries that use Europe's common currency to request a bailout. (AP Photo/Daniel Ochoa de Olza)</p>

Stories this photo appears in:

Europe crisis rages on despite Spain banks rescue
June 12, 2012 9:15 p.m.

Europe crisis rages on despite Spain banks rescue

LONDON - The weekend plan to rescue Spain's ailing banks was supposed to boost confidence in Spain and the other 16 countries that use the euro. The skeptics said it would only provide temporary relief for the markets. In the end, it barely even did that.