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Spanish mixed about bank bailout

2012-06-11 20 Dailymotion

Spanish banks are breathing easier thanks to a promised bailout worth up to 100 billion euros.<br/> <br />The news prompted a market rebound on Monday, with investors buying up shares in embattled banks set to receive cash.<br/> <br />The euro currency also got a boost as worries eased over Spain's ability to weather the euro zone debt crisis.<br/> <br />However, analysts aren't sure a bailout will solve all of the nation's credit troubles.<br/> <br />(SOUNDBITE) (English) ECONOMY ANALYST MIGUEL MURADO, SAYING:<br/> <br />"We still have to see. We are not out of the woods at all. This is just a starting point and, well, I'm not very optimistic, frankly."<br/> <br />The country's 4.7 million job seekers are also concerned about the future of the euro zone's fourth largest economy.<br/> <br />This woman says she's worried Spain's recession and rampant unemployment will only worsen if the government cuts spending to get itself out of debt.<br/> <br />Others say the emergency funding is necessary to get Spain back on its feet.<br/> <br />The nation has one of the worst unemployment rates in the developed world at just over 24%.<br/> <br />Jessica Gray, Reuters

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