eurossSPAIN´S public debt is now worth more than the value of its economy.

The Bank of Spain revealed Wedensday that its public debt stockpile had reached €1.09 trillion in the first quarter of this year.

Considering the country´s GDP is €1.08 trillion, the debt represents 101% of the economy.

Its debt has risen consistently since the economic crisis and double dip recession following the 2008 crash.

The government estimates that the debt ration will fall to 99.1% at the end of the year.

5 COMMENTS