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More than four million Spaniards out of work

2012-07-25 4 Dailymotion

More than half of Spain's youth under 25-years-old are unemployed and almost five million of the country's citizens are now on unemployment benefits. <br /><br />But, while private depositors and investors have withdrawn more $100bn from Spanish banks in the last two months, the government insists that it is not on the verge of insolvency and does not need an international bailout.<br /><br />Al Jazeera's Jonah Hull reports from Madrid.

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