15.08.2014 - Spain continues to accumulate the debt

Bank of Spain issued a report that the national debt has exceeded 1 trillion euros, representing about 98.4% of GDP. It is worth noting that over the past 6 years the parameter increased by 2 times.

Among the reasons for this growth in debt according to Economy Minister Luis de Guindos Jurado identified the need for additional funding of some autonomous regions, as well as the program of stabilization of the banking system in Spain. The main problem of the Spanish economy at the moment is around 25% unemployment. Increase in debt of Eurozone countries certainly continue to negatively affect the quotes of euro.

Waving Flag of Spain

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