Spain's debt now worth more than value of the economy!
MADRID, Spain (PNN) - May 18, 2016 - Bank of Spain figures show that the country's public debt is now worth more than the value of the economy.
The bank said Wednesday that Spain's public debt stockpile stood at 1.09 trillion euros ($1.23 trillion) in the first quarter of the year. That represents 101% of the country's annual GDP - 1.08 trillion euros - in 2015.