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Spain

After adopting the euro, the Spanish economy initially benefited from sharply lower interest rates, spurring a property bubble. However, with the onset of the global financial crisis, property prices collapsed, causing widespread layoffs, and pushing unemployment to more than 26 per cent by the end of 2012. Spain received a bank bailout from the European Central Bank in 2012. 

Spanish policemen patrol in the Las Ramblas area of Barcelona, Spain. Photo: Xinhua

Extremists in Spain planned massive attack with 100 gas tanks

Police put up scores of roadblocks across northeast Spain on Sunday in hopes of capturing a fugitive suspect from the 12-member Islamic extremist cell that staged two vehicle attacks and plotted much deadlier carnage using explosives favoured by Islamic State militants.

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