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Spanish debt rises above €20,000 per person for the first time
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AS the Spanish economy continues to worsen, the public debt exceeds 20,000 per person for the first time.
During the past year and a half under Rajoy’s government, the debt has increased by 20 points and €200,000 million.
And just in the month of May, the per-person debt rose 500 euros, up to 20,060. The total monthly increase in debt reached 23,000 million, which is 90% of the country’s GDP.
Though the government insists that the economy is stabilizing, financial experts are not convinced, saying the crisis and debt are working in a vicious cycle; as one increases, so must the other.
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