Spain bailout report as unemployment hits new high

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Spain's unemployment has worsened again. Between April and June, the jobless rate rose to 24.6 percent of the workforce from 24.4 percent in the first quarter.

The total is the worst since Spain returned to democracy in the mid 1970s and half of those under the age of 25 are without a job as companies continue to shed staff in fear of prolonged recession and consumers stop buying.

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http://www.euronews.net/

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