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June 27th, 2012 
FAKE NEWS for the Zionist agenda “We cannot finance ourselves for a long time at prices like those we are now paying,” Rajoy told parliament on Wednesday on the eve of a European Union summit in Brussels.
He made the remarks as the yield on Spanish government 10-year bonds traded at more than 6.8 percent, a painfully expensive rate.
On Monday, Spain formally demanded a rescue bailout of up to 100 billion euros (USD 125 billion) in aid from its 16 eurozone partners to save its ailing banking system.
Economy Minister Luis de Guindos said that the Spanish government will sign a deal with its euro-area peers for the rescue loan by July 9.
The Spanish government made the appeal after two international audits said that Spain’s banks could need up to 62 billion euros (USD 77.7 billion) to survive a severe financial slump.
Various eurozone member states, including Greece, Spain and Italy, have been struggling with deep economic woes since the bloc’s financial crisis began roughly five years ago.
DB/GHN
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