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    Spanish unemployment rate reaches record high

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    PressTV

    by PressTV

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    Spain is struggling to implement austerity measures to reduce its debt burden and rescue banks hit by a collapse in property prices. But the latest figures show Spain faced the highest level of joblessness in the euro-zone in July. This as capital flight also hit a record high in the first half of 2012 as a result of eroding confidence in the banking sector.