Tuesday, March 8, 2016

EU warns high public debt makes it “vulnerable” – AnsaLatina.com

(ANSA) – MADRID, MAR 8 – The European Commission (EC) warned that “high public debt” makes . “vulnerable” to Spain
in a report released today fiscal sustainability CE says: “high public debt is a source of vulnerability for the Spanish economy”
Brussels predicts that Spanish debt will remain. around 100% of gross domestic product (GDP) by 2020 if no change does not occur in fiscal matters. 2026 forecast to drop to 90% of GDP. Mariano Rajoy’s government had planned to locate the debt in 2016 below 101% with which closed 2015 Brussels
The warning comes after last month asked Spain to deepen its reforms. “Although the return to the path of growth (grew by 3.2% in 2015) reduces risks, Spain has not emerged unscathed from the crisis. The accumulated imbalances remain high and the nature, magnitude and relationships still cause either Spain vulnerable to shocks, “said the EC. UR / ACZ

14:40 08/03/2016


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