Tuesday

27th Sep 2016

Ticker

Spain’s public debt hits highest level since 1909

Spain’s public debt rose in June by €18.55 billion, reaching a total of €1.11 trillion, the highest figure ever in absolute terms, according to figures published on Wednesday. As a percentage of GDP, the ratio of the country’s debt comes in at 100.9%, a record figure. Such a figure has not been seen since 1909, when, according to records, debt levels reached 102% of GDP, El Pais reported.

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