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Spanish unemployment tops 25 percent
Spain announced Friday that its unemployment rate broke the 25-percent barrier for the first time as austerity cuts squeezed the recession-struck economy. Tens of thousands of jobs were destroyed in the third quarter, even as Prime Minister Mariano Rajoy’s government raised taxes, cut spending and pondered whether to snatch a…
New protest as bailout spectre returns to haunt Spain
MADRID — Thousands of protestors rallied near the Spanish parliament for a second straight night Wednesday after a rough day on the markets again raised the spectre of a full bailout and deeper economic pain. Shouting “Government resign!” and “We are not afraid”, demonstrators faced off against riot police in…
Spanish conservatives win in landslide, promise more austerity
By Angus MacSwan and Barry Moody MADRID (Reuters) – The opposition People’s Party (PP) won a crushing victory in Spain’s election on Sunday as voters vented their rage on the ruling Socialists for the worst economic crisis in generations. The Socialists conceded a humiliating defeat as official results showed the…
Spain’s right storming towards election win: polls
MADRID — Spain’s right-leaning opposition will thrash the ruling Socialists in November 20 elections, polls showed Sunday, as anger over an economic crisis spilled into the streets. The conservative Popular Party, led by 56-year-old Mariano Rajoy, is set for a record parliamentary majority, surveys said. The Socialists, whose standard bearer…
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