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Spain could see debt pass 100% of GDP in 3 Years

Source: Reuters - Fri 13th Sep 2013
Spain could see debt pass 100% of GDP in 3 Years

Spain's debt rose to 92.2% of GDP between April and June, above the government's year-end target of 91.4%% of GDP, the Bank of Spain said on Friday.

Spanish debt is seen rising for at least another 3 years and could top 100% of GDP, its highest level in more than a century, as the country struggles to reduce one of the highest budget gaps in the euro zone and revive the economy.