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Spain's Businesses Face Credit Shortage

by Tom Gjelten, NPR
August 9, 2011

The latest phase of the European debt crisis was sparked by a fear that the troubles plaguing Greece, Portugal and Ireland would spread to Spain and Italy. Spain has been struggling for more than two years with an unemployment rate above 20 percent — the highest in Europe. Even when entrepreneurs are prepared to launch new businesses, they can't get banks to help them.

Broadcast Dates

  • Morning Edition, August 9, 2011
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