Monday, June 4, 2012

More than four million Spaniards out of work



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. But, while private depositors and investors have withdrawn more $100bn from Spanish banks in the last two months, the government insists that it is not on the verge of insolvency and does not need an international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. Al Jazeera's Jonah Hull reports from Madrid.

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