No end in sight to Spain's financial troubles

Published on Jul 30, 2012 by Euronews

http://www.euronews.com/ The Spanish economy slipped further into recession as austerity measures bit in the second quarter. The economy shrank at a faster pace than in the first quarter and was a whole per cent down from a year earlier.

Spain is the eurozone's fourth largest economy and saw higher inflation in July, with increased prices due to medical subisidy cuts and rising drug prices.

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