MADRID--Spain's government debt level rose to 72.1% of gross domestic
product in the first quarter from 68.5% in the fourth quarter of last
year, according to data published Friday by the country's central
bank.
Spain's government debt level remains low by euro-zone standards but
has been rising fast as the government struggles to close a large
budget deficit that openened after the collapse of a decade-long
housing boom.
Spain's debt level has risen by over 30 percentage points since 2008,
spooking investors and sending the government's borrowing costs to
unsustainable levels.
Write to Jonathan House, jonathan.house@dowjones.com
(END) Dow Jones Newswires
June 15, 2012 04:29 ET (08:29 GMT)
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