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Tuesday, December 4, 2012

Spain's jobless near 5 million as banks await cash

Spanish Economy Minister Luis de Guindos Jurado, left, talks with German Finance Minister Wolfgang Schaeuble, during the Eurogroup meeting, at the European Council building in Brussels, Monday, Dec. 3, 2012. Details of a plan for Greece’s to reduce its heavy debt by buying some of it back at bargain prices will be presented Monday in Brussels to finance ministers from the 17 European Union countries that use the euro. (AP Photo/Yves Logghe)The number of people officially registered as unemployed in Spain has edged up toward 5 million as the country's recession shows few signs of abating and its struggling banks await crucial bailout cash.



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