Thursday, August 14, 2014

Spain’s debt over a trillion euros – Swedish Dagbladet

Spain's debt over a trillion euros – Swedish Dagbladet

At the end of June amounted debt to 1007 billion euros, around 9250 billion, compared with 996 billion euros a year earlier. This represents 98.5 percent of Spain’s gross domestic product last year.

The Spanish government has tried to reduce government deficits through tax hikes, a freeze on public sector wages and cuts in expenditure including education and health care, measures caused widespread protests.

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