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June 10th, 2012 
FAKE NEWS for the Zionist agenda Rajoy said Spain will stay stuck in its second recession in three years during 2012, while unemployment will also rise above its current level of nearly 25 percent.
On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros to help its banking sector hit by bad property loans.
The loan, to be delivered via an existing bailout fund called the FROB, is meant to end the economic crisis in Spain and prevent devaluation of the euro.
The Fondo de reestructuracion ordenada bancaria (FROB), known in English as the Fund for Orderly Bank Restructuring (FOBR), is a banking bailout and reconstruction program initiated by the Spanish government in June 2009.
The decision has already prompted protests in the debt-ridden country, with demonstrators banging their pots and pans in the streets just hours after the bailout announcement.
Battered by the global financial downturn, the Spanish economy collapsed into recession in the second half of 2008, taking with it millions of jobs. In May, Spain fell back into recession.
The current economic crisis in Spain has prompted the government to implement reforms on the financial sector.
PG/PKH
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