Prime Minister Rajoy risks riling European policymakers to avoid social unrest.

Prime Minister Rajoy risks riling European policymakers to avoid social unrest.

Fourth austerity package in seven months raises sales tax to 21% from 18%.

Fourth austerity package in seven months raises sales tax to 21% from 18%.

First auction since bailout sees government paying most in eight years.

First auction since bailout sees government paying most in eight years.

Spain is fourth euro member to seek a bailout.

Spain is fourth euro member to seek a bailout.