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Spain public debt still manageable

Source: Reuters - Tue 23rd Feb 2010

Spain's public debt is still atmanageable levels, and less than the OECD average in relation to GDP, but it must be brought be under control, OECD Secretary General Angel Gurria said in Madrid on Tuesday.

He also said Spain's debt situation is not comparable with that of Greece.

"I believe that the situation with Greece's debt is Greek. There is no way it can be compared" Gurria said in response to a question from journalists on whether the two countries' situations were comparable."

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