Europe must recognise sacrifices, reforms Spain carrying out; Some details still unclear on conditions of rescue; Would be irresponsible to take decision without facts; Part of Spanish spread not ‘fault’ of Spain; Pensions ‘would be last thing’ govt cuts; To study rescue if consequences acceptable for Spaniards; Meanwhile back at the ranch, Spain 10 year govt bond yield above 6% at 6.03% Spain goes to the well today. Auctioning 3.5-4.5 bln 12,18 month t.bills. Results due 08:30 GMT. EUR/USD marked lower as above comments suggest Spain stalling on bailout. Sell stops through 1.3080 and 1.3075 history and we’ve been as ... (full story)