- Feb 6, 2011
The public debt exceeded €882 billion at the end of 2012
Debt Grew by €146 Billion in one year
The increase in the first year of Prime Minister Mariano Rajoy is the largest ever recorded
Debt-to-GDP is highest since 1910
Interest expense is at record high
Mish's Global Economic Trend Analysis: Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910
Has the crisis already given Radgo 1 haymaker too many??? :shock2:
Edit: Spain has proven to be a persistent problem for the Eurozone & pushed it to the edge.
Although the Bond Yields are down & auctions are going well - there is this underlying Debt Time Bomb.
Do posters think that Draghqueen & Co can defuse it or is the crisis too far ahead & diverse?
Auctions are goin well all the same... :shock:
Spain's borrowing costs sink to a 10-month low Thursday, while the euro rallies against the dollar, after a robust Spanish bond auction; while moves in European equity markets were more muted as investors awaited the European Central Bank's rate announcement.
Spanish Bonds Rally, Euro Spikes After Bond Auction; ECB Eyed - WSJ.com