New Times

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New timesPeople have become increasingly frustrated by the many problems in Spain: Over 25% unemployment rate and over 37% youth unemployment rate, incompetent politicians unable to deal with the effects of the crisis, extremely high housing prices both for rental and purchase, a mortgage system that ties mortgage holders for life to the bank if the real estate is sold for under the loan amount, and a general discontent with the status of the political landscape (especially the effective two-party system of the center-right People’s Party and the center-left Spanish Socialist Workers’ Party).

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