Half-Built Suburbs, Jobless Confirm Spain's Boom to Bust

Bloomberg's Maria Ramos reports from Sesena, a municipality south of Madrid, on the housing slump that has pushed Spain to the brink of its first recession in 15 years. Spain's economy contracted 0.2 percent in the third quarter as the slump in construction pulled other industries down and helped send unemployment up to 11.3%, the highest in Europe. (Source: Bloomberg)

Bloomberg | November 14, 2008

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