Record drop in retail sales adds to Spain's woes

Associated Press
Record drop in retail sales adds to Spain's woes

Visitors look up during a tour at the Stock Exchange in Madrid, Monday, May 28, 2012. Shares in Spanish bank Bankia, one of the banks hardest hit by Spain's real estate collapse over the past four years, fell 28 per cent on opening in Madrid on Monday, the bank's first day back on the stock exchange following its announcement Friday that it would need Euro 19 billion ($23.8 billion) bailout to bolster its defenses.(AP Photo/Daniel Ochoa de Olza)

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