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Spanish rescue draws closer as Cyprus buckles

By: Yossel in SPAIN | Recommend this post (0)
Mon, 04 Jun 12 2:36 AM | 371 view(s)
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Spanish rescue draws closer as Cyprus buckles

Spain's ruling party has begun to crack under pressure, signalling for the first time that the country may need a European rescue to shore up its banking system.

Miners in Pola de Lena stand behind barricades of buring tires to protest government spending cuts Photo: Reuters

Ambrose Evans-Pritchard

7:39PM BST 03 Jun 2012

link-
http://www.telegraph.co.uk/finance/financialcrisis/9309588/Spanish-rescue-draws-closer-as-Cyprus-buckles.html




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