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April 16th, 2012 
FAKE NEWS for the Zionist agenda De Guindos said on Monday that Spain’s gross domestic product (GDP) is likely to have dropped an amount similar to the October-December period of 2011 when the economy shrank 0.3 percent.
“At the moment I see a first quarter with a similar pattern to the last quarter of last year,” de Guindos said on Monday.
The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s GDP.
Meanwhile, the interest rate for Spanish 10-year government bond yields rose above 6.0 percent in the eurozone bond market in early hours of trading on Monday.
Spain has announced spending cuts of more than 11-billion dollars as well as tax increases to reduce the country’s deficit to avoid seeking a financial bailout like Greece, Ireland and Portugal.
The recession will make it much harder for Spain, the fourth largest eurozone economy, to meet its deficit targets.
The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, triggering incidents of social unrest and massive protests in many European countries.
Official data on Spain’s total economic output in the first three months of this year is not due until April 30.
PG/JR/HGH
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