By  on April 6, 2010

MADRID — Spain’s economic picture isn’t a pretty one.

A 19 percent jobless rate has left 4.1 million unemployed; gross domestic product fell by 3.6 percent last year, the steepest drop in decades, and the deficit is a whopping 11.4 percent of GDP — yet prime minister José Luis Rodríguez Zapatero suggested recently that Spain is “on the threshold of recuperation.”

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