Spanish debt continues to climb – Radio Havana Cuba

Spanish Debt continues to rise

Havana, 18 feb (RHC) – The Spanish public debt increased in August in thousand of eur 378 million to be placed in a trillion 102 billion 114 million euros, reported the Bank of Spain.

After the break of July, when it fell into almost six billion euros, the debt grew again in August to 0.12% over the previous month.

The passive keeps moving in highs and at around 100 percent of Gross Domestic Product (GDP) for the third consecutive month.

at The end of the second quarter amounted to 100,5 per cent of GDP, totaling a trillion 106 billion 693 million euros.

The highest level recorded in the first quarter of the current year, when the debt amounted to 100,6 per cent, while a year before he came to the 100,3 percent of gross Domestic Product.

This means that the Spanish public administration must be more money that the wealth generated by the european country.

Since the start of the economic crisis in 2008, the debit in respect to the GDP of the nation, iberian almost tripled, going from a minimum of 35,5 per cent in 2007 (384 thousand euros in millions) percent to 99 percent in 2015.

The EU warned Spain over its high debt levels and unemployment, which threaten the long-term equilibrium of the path of economic recovery, by exposing the country to risks arising from fluctuations of confidence in the market.

Released by Maydenys Rodriguez