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World Bad Economic News (253)
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| Feb.21 |
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Ship loses more than 500 containers in heavy seas Map of Malaga Spain Danish-flagged Svendborg Maersk was in the Bay of Biscay as hurricane-force winds battered the Atlantic coast. 520 containers were unaccounted for
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| Apr.25 |
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Spain unemployment hits record high Spain's unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures
| Feb.18 |
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Nestle finds horsemeat in beef meals Italy: Nestle, the world's biggest food company, has removed beef pasta meals from shelves in Italy and Spain after tests revealed traces of horse DNA | |
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| Jul.9 |
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Spain to get 30bn euros for banks Eurozone finance ministers have agreed to lend Spain 30bn euros (£24bn; $37bn) this month to help its troubled banks
| Jun.25 |
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Spain banks downgraded by Moody's The ratings agency Moody's has cut the credit rating on 28 of Spain's banks, one week after the country asked for money to support them
| Jun.14 |
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Spain crisis costs enter 'danger zone'  Spain's borrowing costs have risen to 7%, another euro-era record, with lenders demanding a higher interest rate | |
| May.25 |
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Spain's Bankia seeks 19bn euros  Spain's fourth-largest bank, Bankia, asks for a bailout worth 19bns euros ($24bn), and admits that it made a massive loss last year
Trading in shares in Bankia has been suspended in Madrid. It asked for them to be suspended ahead of a board meeting
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| May.17 |
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Moody's downgrades Spanish banks Ratings agency has cut the credit ratings of 16 banks, a further blow to a country that is struggling to deal with the bad debts of its banking sector | |
| Apr.27 |
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Spanish unemployment hits record Spanish unemployment has hit a new record high, 24.4%, official figures have shown | |
| Feb.14 |
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Moody's downgrades European countries European Union: Moody's cut the credit ratings of six European countries on amid continued anxiety over the continent's debt crisis and its sluggish economy
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| Oct.13 |
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S&P lowers Spain's credit rating S&P has cut Spain's long-term credit rating by one notch, from AA to AA-, because of weak growth and high levels of private-sector debt
| Oct.7 |
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Italy and Spain debt downgraded Italian and Spanish government debt have both been downgraded by the Fitch credit rating agency by one notch, from AA- to A+
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