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Spanish public debt reaches 77.4% of GDP
By LUIS MIRANDA | THE REAL AGENDA | DECEMBER 14, 2012 Government debt in Spain grew another 1.55% in the third quarter with respect to the second quarter to reach 817.164 million euros, or the equivalent to 77.4% of GDP. This is the highest level ever since the cork popped out of the crisis bottle Read full article...
Spain’s Economy Slows Further and Runs out of Options, says Central Bank
REUTERS | JULY 24, 2012 Spain’s economy sank deeper into recession in the second quarter, its central bank said on Monday, as investors spooked by a funding crisis in its regions pushed the country ever closer to a full bailout. Economic output shrank by 0.4 percent in the three months from April to June having Read full article...
Spain readies ‘nationalization’ of Cajas
The Spanish government is preparing a plan to outsource the control of the people’s banks by demanding larger reserves in a short period of time. The result? Banks will probably not make it and the government will ask foreign investors to take control of the Cajas. AFP March 6, 2011 Spain’s ailing regional savings banks Read full article...
