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AP Interview: Spain economy minister laments 'horrible' unemployment, wants to boost growth

  • Spain's Finance Minister Luis de Guindos speaks during an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)

    Spain's Finance Minister Luis de Guindos speaks during an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)  (The Associated Press)

  • Spain's Finance Minister Luis de Guindos speaks during an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)

    Spain's Finance Minister Luis de Guindos speaks during an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)  (The Associated Press)

  • Spain's Finance Minister Luis de Guindos sits down for an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)

    Spain's Finance Minister Luis de Guindos sits down for an interview with The Associated Press at the International Monetary Fund in Washington, Thursday, Oct. 10, 2013. Luis de Guindos said that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession. (AP Photo/Susan Walsh)  (The Associated Press)

Spain's economy minister says his country is emerging from years of recession but will need to boost growth significantly to "make a real impact" on one of the highest unemployment rates in the European Union.

Luis de Guindos told The Associated Press in an interview Thursday that he expects third-quarter data on gross domestic product, set to be released around the end of the month, to be slightly positive after eight straight quarters of contraction and four years of almost continuous recession.

But the tepid growth rate of 0.7 percent forecast for all of next year would not be enough to really make a dent in 26.2 percent unemployment — a rate topped only by Greece in the 28-member EU.