Prime Minister Rajoy has lost credibility since his election seven months ago.

Rajoy battles ECB for loans as Monti urges greater EU response to debt crisis.

Rajoy battles ECB for loans as Monti urges greater EU response to debt crisis.

Spain is fourth euro member to seek a bailout.

Spain is fourth euro member to seek a bailout.

Eurozone finance chiefs plan weekend talks on assistance for Spains banks.

Eurozone finance chiefs plan weekend talks on assistance for Spains banks.

Rating agency says Spanish economy will remain in recession through 2013.