Spain Erupts in Joy After Euro 2012 Win

MADRID -- Spaniards are jumping for joy and blasting off fireworks from all corners of the country to celebrate their soccer team's historic 4-0 win against Italy in the European Championship.

Tens of thousands gathered in central Madrid to watch their team beat Italy, marking a memorable run of wins. Spain became the first team ever to win a Euro, then a World Cup and then another Euro.

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Spain has the highest unemployment rate in the 17-nation eurozone and recently asked for a bailout to prop up its hurting banks. But fans say the win erased that misery and proved that the country is resilient.

Antonio Ferrillo in Madrid said: "We needed this win to counteract the suffering caused by the crisis, which seems endless."