Spain's economy contracts for a fifth quarter

Note: This section contains information in English only.
Source: Bloomberg
Spain's gross domestic product contracted by 0.4% from the previous three months, according to the Bank of Spain monthly estimation announced today in Madrid. Last week European leaders failed to agree on additional help for Spain, as borrowing costs are high and complicating Prime Minister Rajoy's efforts to trim budget deficit, which is exceeding the EU limit three times.
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