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Hurting Spaniards pin hopes on Christmas lottery

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A woman buy tickets for the cash-strapped country's famed Christmas lottery, in Madrid, Friday, Dec. 21, 2012. Many players say they're hoping to win so they can pay off debt or help relatives facing heavy economic burdens. Known as "El Gordo" (The Fat One) and billed as the world's richest lottery, the drawing will hand out about 2.5 billion of euro ($3.3 billion) on Saturday. The top prize is about 400,000 euro ($530,000) but there are expected to be hundreds or thousands of tickets awarded for that amount. (AP Photo/Daniel Ochoa de Olza)

After another brutal year of economic hardship, Spaniards across the country are hoping for relief when the country’s famed Christmas lottery — the world’s richest — pays out €2.5 billion ($3.3 billion) in tax-free awards on Saturday.

Posted: December 22nd, 2012 in Latest News Stories,World | Read More »

Spaniards rage against austerity, grim economy

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Protesters pack the Puerta del Sol plaza in central Madrid, Saturday May 12, 2012. The protesters returned to Sol to mark the anniversary of the protest movement that inspired groups in other countries. The protests began May 15 last year and drew hundreds and thousands of people calling themselves the indignant movement. The demonstrations spread across Spain and Europe as anti-austerity sentiment grew. AP/PAUL WHITE

Spaniards angered by increasingly grim economic prospects and unemployment hitting one out of every four citizens protested in droves Saturday in the nation’s largest cities, marking the one-year anniversary of a spontaneous movement that inspired similar anti-authority demonstrations across the planet.

Posted: May 13th, 2012 in Latest News Stories,World | Read More »

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