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Posted: 4/22/2013 5:03:21 AM EST
A protestor walks holding a banner reading 'No' during a demonstration against regional government imposed austerity plans to restructure and part privatize the health care sector in Madrid, Sunday, April 21, 2013. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of $190 billion (145 billion euro) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Daniel Ochoa de Olza)
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Posted: 1/13/2013 11:03:20 AM EST
A protestor wears a mask reading, "Public health care" during a demonstration against regional government imposed austerity plans to restructure and part privatize health care sector in Madrid, Spain, Sunday, Jan. 13, 2013. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of 145 billion euro ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/17/2012 6:38:25 AM EST
Protestors march as they hold banners reading, 'No financial cuts' during a demonstration against regional government-imposed austerity plans to restructure and part-privatize health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of €145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors hold a banner reading, 'Our health, their business' during a demonstration against regional government-imposed austerity plans to restructure and part-privatize health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of €145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors are seen through a shape of a heart on a banner as they shout slogans and hold banners reading 'healthcare financial cuts kill' during a demonstration against regional government-imposed austerity plans to restructure and part-privatize health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of €145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors gather during a demonstration against regional government-imposed austerity plans to restructure and part-privatize the health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of €145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors shout slogans during a demonstration against regional government-imposed austerity plans to restructure and part-privatize the health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of €145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors gather during a demonstration against regional government-imposed austerity plans to restructure and part-privatize health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of euro145 billion ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 12/16/2012 10:38:17 AM EST
Protestors hold a banner reading, 'Not for sale' during a demonstration against regional government-imposed austerity plans to restructure and part-privatize health care sector in Madrid, Spain, Sunday, Dec. 16, 2012. Madrid proposes selling off the management of six of 20 public hospitals and 27 of 268 health centers. Spain's regions are struggling with a combined debt of 145 billion euro ($190 billion) as the country's economy contracts into a double-dip recession triggered by a 2008 real estate crash. (AP Photo/Andres Kudacki)
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Posted: 11/1/2012 1:38:30 PM EST
A homeless man sits near a Caja Madrid bank office in Madrid, Tuesday Oct. 30, 2012. Spain's National Statistics Institute says Tuesday that the country's economy contracted 0.3 percent in the third quarter from the previous three month period. Spain is in a double-dip recession and has a 25 percent unemployment rate. Prime Minister Mariano Rajoy said Monday the country has no immediate need to ask for outside aid to help deal with its debts. (AP Photo/Daniel Ochoa de Olza)
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Posted: 10/31/2012 6:03:28 AM EST
A man begs for alms in a street, in Pamplona, northern Spain, Tuesday, Oct. 30, 2012. Spain's National Statistics Institute says Tuesday that the country's economy contracted 0.3 percent in the third quarter from the previous three month period. Spain is in a double-dip recession and has a 25 percent unemployment rate. Prime Minister Mariano Rajoy said Monday the country has no immediate need to ask for outside aid to help deal with its debts. (AP Photo/Alvaro Barrientos)
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Posted: 9/19/2012 6:28:19 AM EST
People walk in a street market looking for bargains beneath the offices of Spain's troubled Bankia bank in Madrid Sunday Sept. 16, 2012. A day earlier, tens of thousands of people from all over Spain rallied in the capital against punishing austerity measures enacted by the government, which is trying to save the country from financial collapse. Spain is stuck in a double-dip recession with unemployment close to 25 percent. The conservative government of Prime Minister Mariano Rajoy has introduced stinging cuts and raised taxes in a bid to reduce the deficit and to reassure investors and officials from the 17-nation eurozone. (AP Photo/Paul White)
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Posted: 5/7/2012 6:30:49 PM EST
In this Saturday, Jan. 21, 2012, file photo, a protester wearing a Guy Fawkes mask waves a flag outside the Portuguese parliament during a demonstration against the government's austerity measures, in Lisbon. Austerity has been the main prescription across Europe for dealing with the continent's nearly 3-year-old debt crisis, brought on by too much government spending. Portugal is paying its bills only because of an international rescue loan. But the effect of lower government spending has been brutal: The economy is expected to contract 3.4 percent this year after a double-dip recession last year. (AP Photo/Francisco Seco)
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Posted: 2/16/2012 10:25:45 AM EST
Workers with wage arrears from Portuguese building company FDO protest outside the company's headquarters Tuesday, Feb. 14, 2012, in the outskirts of Braga, Portugal. According to the board of directors the company, which employs 700 workers, will declare bankruptcy after the largest Portuguese banks have cut off its credit. Portugal's economy contracted by 1.5 percent last year, pitching it into a double-dip recession amid an acute financial crisis, the country's statistics agency reports. (AP Photo/Paulo Duarte)
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Posted: 10/5/2011 3:08:37 PM EST
White House Chief of Staff William Daley speaks at the Washington Ideas forum at The Newseum in Washington October 5, 2011. The White House is "very concerned" about the possibility of a double-dip recession but does not expect one to occur, Daley said on Wednesday. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 10/5/2011 3:02:57 PM EST
White House Chief of Staff William Daley speaks at the Washington Ideas forum at The Newseum in Washington October 5, 2011. The White House is "very concerned" about the possibility of a double-dip recession but does not expect one to occur, Daley said on Wednesday. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 10/5/2011 3:00:40 PM EST
White House Chief of Staff William Daley speaks at the Washington Ideas forum at The Newseum in Washington October 5, 2011. The White House is "very concerned" about the possibility of a double-dip recession but does not expect one to occur, Daley said on Wednesday. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 10/5/2011 2:58:07 PM EST
White House Chief of Staff William Daley speaks at the Washington Ideas forum at The Newseum in Washington October 5, 2011. The White House is "very concerned" about the possibility of a double-dip recession but does not expect one to occur, Daley said on Wednesday. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
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Posted: 8/25/2011 2:12:19 AM EST
A woman walks past a bank's advertisement showing its lending rate in Seoul August 24, 2011. With the growing risk of a global double-dip recession hitting exports from South Korea's economy, consumer spending has been key to economic growth. But household borrowing has propped up that spending. With debt far above levels that triggered a credit card crisis eight years ago, it is now perhaps the biggest risk that Korea faces and one that the government is loath to tackle ahead of elections next year. Picture taken on August 24, 2011. To match Analysis KOREA-ECONOMY/DEBT REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)
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Posted: 8/25/2011 2:11:13 AM EST
A woman walks past a bank's advertisement showing its lending rate in Seoul August 24, 2011. With the growing risk of a global double-dip recession hitting exports from South Korea's economy, consumer spending has been key to economic growth. But household borrowing has propped up that spending. With debt far above levels that triggered a credit card crisis eight years ago, it is now perhaps the biggest risk that Korea faces and one that the government is loath to tackle ahead of elections next year. Picture taken on August 24, 2011. To match Analysis KOREA-ECONOMY/DEBT REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)