http://www.bbc.co.uk/news/business-24077728
Spanish public debt reaches record level
Spain's public debt reached a record high in June, the country's central bank said.
The figure has risen to 942.8bn euros (£792.5bn; $1.3 trillion), equal to 92.2% of the country's entire economic output, the bank said.
This is nearly 15% higher than the same period last year and above the Spanish government's target limit of 91.4%, despite severe public spending cuts.
Austerity measures have led to street protests as unemployment now tops 26%.
Prime Minister Mariano Rajoy's government is aiming to reduce public spending by 150bn euros between 2012 and 2014, but rising unemployment and the consequent benefit payments, is making this target difficult to reach.
The bank believes public debt could top 100% of gross domestic product over the next three years, its highest level in more than a century, as the government struggles to revive the country's flagging economy.
(continued)
Spanish public debt reaches record level
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Spanish public debt reaches record level
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Re: Spanish public debt reaches record level
Ay carumba!
Nurse, where the fuck's my cardigan?
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Re: Spanish public debt reaches record level
I think the people thez owe it too should let them off it. It's not like the Masters who run the international usury system are starving, unemployed or homeless is it?
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: Spanish public debt reaches record level
Be careful what you wish for. Your pension fund is probably on rocky enough ground as it is.Brian Peacock wrote:I think the people thez owe it too should let them off it. It's not like the Masters who run the international usury system are starving, unemployed or homeless is it?

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It's not up to us to choose which laws we want to obey. If it were, I'd kill everyone who looked at me cock-eyed! - Rex Banner
The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression. - Gary Larson



Re: Spanish public debt reaches record level
klr wrote:Be careful what you wish for. Your pension fund is probably on rocky enough ground as it is.Brian Peacock wrote:I think the people thez owe it too should let them off it. It's not like the Masters who run the international usury system are starving, unemployed or homeless is it?
You're assuming most people have pensions fund?
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Re: Spanish public debt reaches record level
That's just what they want you believe. :-Dklr wrote:Be careful what you wish for. Your pension fund is probably on rocky enough ground as it is.Brian Peacock wrote:I think the people thez owe it too should let them off it. It's not like the Masters who run the international usury system are starving, unemployed or homeless is it?
Rationalia relies on voluntary donations. There is no obligation of course, but if you value this place and want to see it continue please consider making a small donation towards the forum's running costs.
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"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
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"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Details on how to do that can be found here.
.
"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
Frank Zappa
"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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