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Madrid returns to its customary place as leader of the decline in Europe, -2.5% following...

Madrid returns to its customary place as leader of the decline in Europe, -2.5% following yesterday's announced €65B in austerity measures (more than 0.5% of GDP). Ideas a lesson was learned and the Spanish bailout would not be accompanied by heaping further austerity upon a crumbling economy (a la Greece) have seemingly been dashed.
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