Spain's Economy Minister Luis De Guindos listens to Spain's Prime Minister Mariano Rajoy's speech during a control session at the Spanish Parliament, in Madrid, Spain, Wednesday, July 11, 2012. Spain has announced a euro 65 billion austerity package that includes tax hikes and spending cuts a day after winning approval from euro zone partners for a huge bailout of Spain’s banks. (AP Photo/Andres Kudacki)

Associated Press
Spain's Economy Minister Luis De Guindos listens to Spain's Prime Minister Mariano Rajoy's speech during a control session at the Spanish Parliament, in Madrid, Spain, Wednesday, July 11, 2012. Spain has announced a euro 65 billion austerity package that includes tax hikes and spending cuts a day after winning approval from euro zone partners for a huge bailout of Spain’s banks. (AP Photo/Andres Kudacki)
Spain's Economy Minister Luis De Guindos listens to Spain's Prime Minister Mariano Rajoy's speech during a control session at the Spanish Parliament, in Madrid, Spain, Wednesday, July 11, 2012. Spain has announced a euro 65 billion austerity package that includes tax hikes and spending cuts a day after winning approval from euro zone partners for a huge bailout of Spain’s banks. (AP Photo/Andres Kudacki)
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