Spain’s public debt exceeds one trillion euros by the end of … – elEconomista.es

Spain's public debt exceeds one trillion euros by the end of … – elEconomista.es

AFP <- google_ad_section_start (name = noticia_titulo, weight = high) -> <- - google_ad_section_end (name = noticia_titulo)> | 08/14/2014 – 15:12

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The public debt of Spain in late June exceeded one trillion euros, an unprecedented level, according to figures released Thursday by the Bank of Spain

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With exactly 1.007 billion euros (1.350 billion dollars), the Spanish debt represents 98.5% of Gross Domestic Product (GDP ), according to estimates by the AFP. The Bank of Spain, which is awaiting the publication in late August of final GDP figures for the second quarter, published in September, the exact percentage.

The Spanish GDP grew 0.6% in this period from the first quarter, according to a first estimate.

According to government forecasts, public debt will reach 99.5% by the end of 2014 and will exceed the symbolic threshold of 100% in 2015, to 101.7 %. A level well above the European limit set at 60% of GDP

laf / ib / acc.zm

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