Spain economy 'will get worse'

Spain’s grinding economic misery will get worse this year despite the country’s request for a European financial lifeline of up to €100bn to save its banks, Prime Minister Mariano Rajoy said today.

A day after the country conceded it needed outside help following months of denying it would seek assistance, Mr Rajoy said more Spaniards will lose their jobs in a country where one out of every four are already unemployed.