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austerity measures in spain News

Spain: Exodus of entrepreneurs, professionals and cash

Madrid - As Spaniards struggle for footing on a jagged mountain of national debt that leads to a summit of austerity, a surging number of expatriates are fleeing instead, taking their money with them.

Spain slips back into recession

On Monday April 23, the Bank of Spain, confirmed that the country had slipped into recession for the second time in two years, with estimates that GDP fell 0.4 percent in the first quarter of 2012.

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