19 May, 2016 @ 16:38
1 min read

Spain’s debt is now worth more than its economy

euross e

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.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

5 Comments

  1. ‘Admitted’ unemployment – 24.1% / ‘admitted’ youth unemployment – 45%. EU caution for overstepping permitted deficit.

    Spain’s doing great – right.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Jack Jaeger FC e
Previous Story

British expat who waited whole life to become author publishes first book

maxresdefault
Next Story

VIDEO: Violence breaks out between opposing fans at Liverpool V Sevilla Europa League final

Latest from Business & Finance

Go toTop

More From The Olive Press