Bankruptcy filings soared to a record high in Spain in 2013, official data showed yesterday, with the construction industry in particular still reeling five years after a property market crash.
The number of household and business bankruptcy filings leapt by 6.5 percent to 9,660, the National Statistics Institute said, as the economy emerged from a long recession.
Spain’s economy grew slowly in the second half of 2013, shaking off a double-dip recession but still weighed down by a 26-percent unemployment rate.

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