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Spain is one country feeling the recession the most with 6 million out of work. 56.5% of young people cannot find jobs and protest in Madrid squares.

Numerous debts, a banking sector in trouble and its uncompetitive place in the eurozone are all contributing factors to the decline.

This article about the Spanish city of Jerez highlights a desperate city that seems to be going into a downward spiral.

Will austerity measures in the upcoming year help or hinder?

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