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Spain's Banks Face Layoffs, New Regulations

Posted: January 11, 2013

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A major overhaul of Spain's banking system is in full swing. Felled by the housing crunch, Spanish banks are getting billions in rescue loans from Europe, but they'll have to lay off about 55,000 workers in exchange.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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