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The banking sector expects to lose 35,000 jobs, or around a fifth of its total.
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The government is highlighting the current situation of "full employment and economic growth".
Spain to cut VAT on gas to 5% from October, PM Sanchez says
Summer heatwaves have caused a spike in demand for electricity.
Spanish government insists on energy savings plan despite opposition
The opposition and some regional chiefs want it to be changed or scrapped over fears it could hurt tourism.
Spanish PM rather tongue-tied at royal audience in Palma!
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