People protest during a demonstration against education cuts in Barcelona, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip. (AP Photo/Manu Fernandez)

Associated Press
People protest during a demonstration against education cuts in Barcelona, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip. (AP Photo/Manu Fernandez)
People protest during a demonstration against education cuts in Barcelona, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip. (AP Photo/Manu Fernandez)
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