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At this point, you'll need an Ubuntu 12 CD/DVD to boot into in the VM to see if the installer will recognize the problematic installation and repair it.
You just have to select the iso file when you create a new VM
I rather recommend a fresh installation. Repairing a botched glibc installation is a nightmare. Installing Linux or Ubuntu is really very fast. If you need data from the old installation you just have to mount it's virtual Disk in the new VM and copy the data over after having installed the OS.
Dynamic virtual disks only take up the space needed by the installation so even if you have assigned it a size of 10GB
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