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April 17th, 2012 
FAKE NEWS for the Zionist agenda “We’re back in full crisis mode. It is looking more and more likely that Spain is going to have some form of a bailout. Assuming there is not an (ECB) intervention, you would not see a cap on Spanish yields; they would just keep increasing,” said Rabobank rate strategist Lyn Graham-Taylor.
Spain’s 10-year government bond yields broke through the six-percent mark on Monday for the first time since the beginning of December 2011. Spain has acknowledged that it has probably tipped into its second recession since 2009.
The conservative government says it is committed to making major budget cuts. But concern is growing across financial markets that the recession will make it impossible for Spain to meet its deficit targets and that the country will have to seek some type of international bailout, as have Greece, Ireland and Portugal.
On Wednesday, heads of all the main regions will meet with the central government to confirm how they will meet reductions of seven billion euros to healthcare, and a further 3 billion euros to the education system.
On Monday, Education Minister Jose Ignacio Wert said the cuts would mainly come from an increase in classroom sizes by up to 20 percent and a rise in the number of teachers’ working hours.
Cuts to the health system are expected to be unveiled in the coming days.
Both are likely to lead to further public protests, even though a general strike on March 29 was not hugely supported.
HSH/MF/MFB
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