Spain debt at 14-year high
- Published: 17/09/2011 at 01:29 AM
- Online news: Economics
Spain's public debt surged in the second quarter of 2011 to a 14-year high, the Bank of Spain said on Friday, even as the government battled to mop up red ink in its annual budgets.
People demonstrate against the reform of the Spanish constitution held in the parliament in Madrid on September 1. Spain's public debt surged in the second quarter of 2011 to a 14-year high, the Bank of Spain said, even as the government battled to mop up red ink in its annual budgets.
Big shortfalls on the government's books are pushing up the overall debt each year.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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