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Spain prepares for budget cuts

2012-06-02 3 Dailymotion

Fears of financial contagion are causing extra concern in Spain which had its credit rating downgraded on Thrsday.<br /><br />The Spanish government says it is readying a budget plan, but with unemployment already high, any further austerity measures are bound to hurt.<br /><br />Al Jazeera Nazanine Moshiri reports from Madrid.<br /><br />April 30, 2010

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