Mariano Rajoy puts gloss on €100bn loan but 'bailout lite' could prompt reaction from hard-hit Ireland, Portugal and Greece. Spain's prime minister, Mariano Rajoy, on Sunday made a desperate attempt to portray a €100bn (£81bn) bailout of his country's banking system as a triumph at the start of a week which could determine the future of the single currency. Speaking hours before flying to Poland to watch Spain's World Cup-winning soccer team play its first match of Euro 2012, Rajoy proclaimed that the "credibility of the euro won" following Saturday's bank bailout, funded by eurozone countries. But with Greeks ... (full story)