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Emergency Preparedness
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Spain’s economic crisis deepens

Euro Crisis

Euro Crisis

Spain’s unemployment rate rose to almost one in four, according to data released on Friday, as the country’s foreign minister warned of an economic crisis of “enormous proportions”.

The comments from José Manuel García-Margallo came the day after Standard & Poor’s downgraded Madrid’s credit rating and warned the country faced significant risks meeting economic growth and budgetary performance targets.

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