Spain's debt surges above 100 per cent of GDP
The Mediterranean country's debt reached 100.2 per cent of GDP in June, to become the sixth eurozone country with a three figure ration.
Greece's GDP debt ratio is highest at 167.9 per cent, followed by Italy at 132.7 per cent , Portugal at 129 per cent, Cyprus at 108.9 per cent and Belgium at 106 per cent.
France now looks set to be the next country to tip the 100 per cent ratio, after its debt reached 96.1 per cent at the end of 2015.
Spain’s debt-to-GDP ratio is projected to begin declining from 2018 onward.
It comes after Spain recently narrowly avoided sanctions from the European... read more
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