Spain relieved, angry over humiliating bank rescue

MADRID: Spain's grinding economic misery will get worse this year despite the country's request for a European financial lifeline of up to (euro) 100 billion ($125 billion) to save its banks, Prime Minister Mariano Rajoy said on Sunday.

A day after the country conceded it needed outside help following 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 already unemployed.

"This year is going to be a bad one," Rajoy said Sunday in his first comments about the rescue since it was announced the previous evening by his economy minister.