[Notes:RAJOY WALKS TO MICROPHONES. SOURCE: AP][Notes:MADRID 6/10/12]SPAIN'S PRIME MINISTER HAS A HARSH WARNING FOR HIS COUNTRYMEN. Mariano Rajoy SAYS SPAIN'S ECONOMIC MISERY WILL GROW WORSE--AND THAT ECONOMIC GROWTH WILL ACTUALLY SHRINK BY ONE-POINT-SEVEN PERCENT THIS YEAR.[Notes:NEWSPAPER HEADLINES]SPAIN IS ENDURING IT'S SECOND RECESSION IN THREE YEARS. RAJOY'S WARNING CAME THE DAY AFTER SPAIN ASKED THE EUROZONE FOR A BAILOUT FOR BANKS TOTALLING 125-BILLION DOLLARS.[Notes:PEOPLE AT CAFE]THE NEWS WAS MET WITH SKEPTICISM ON THE STREETS OF MADRID.(NATS IN SPANISH)THIS MAN SAYS NOTHING IS GOING TO CHANGE. HE SAYS BANKS WERE POORLY RUN BY INCOMPETANT PEOPLE AND THE CITIZENS OF SPAIN PAY FOR THEIR INCOMPENTENCE.[Notes:PEOPLE AT CAFE]Spain became the fourth and largest country to ask Europe to rescue its failing banks. it follows growing pressure from international investors and the Obama administration. (NATS IN SPANISH)FOR HIS PART, THE PRIME MINISTER SAYS THE BAILOUT IS GOOD FOR THE EURO, EUROPE AND FOR SPAIN. HE ADDS THAT IT HAD TO BE DONE.[Notes:FLOWER MARKET]SPAIN'S ECONOMY IS FIVE TIMES LARGER THAN GREECE'S--THE FIRST COUNTRY TO SEEK A BAILOUT. PROVIDING A FINANCIAL LIFELINE TO SPANISH BANKS IS LIKELY TO RELIEVE ANXIETY ON THE SPANISH ECONOMY--WHICH ULTIMATELY IMPACTS THE EUROPEAN--AND EVEN WORLD ECONOMY.[Notes:PHOTO OF GEITHNER]TREASURY SECRETARY TIMOTHY GEITHNER WELCOMED SPAIN'S DECISION THE DAY [Notes:OBAMA IN OVAL OFFICE 6/7/12]AFTER PRESIDENT BARACK OBAMA EXPRESSED STRONG CONCERN OVER THE EUROPEAN ECONONOMIC CRISIS.MATT FRIEDMAN. ASSOCIATED PRESS.(****END****) ANCHOR VOICE: -------------------------VIDEO PRODUCER: matt friedman---------------------------VIDEO SOURCE: aptn-----------------------VIDEO APPROVAL: ----------------------------VIDEO RESTRICTIONS: ----------------------------------MARKET EMBARGO (S): --------------------------------SCRIPT/WIRE SOURCE: