Spanish Regions’ Debt Swells as Aid Dilemma Continues: Economy
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Spanish regions’ debt load continued to swell in the second quarter, as the cash-strapped local administrations urged the government to speed up its planned bailout fund.
The regions’ debt rose to 14.2 percent of gross domestic product from 13.8 percent in the first three months of the year, the Bank of Spain in Madrid said today on its website. The overall public debt load rose to 75.9 percent of GDP from 72.9 percent in the prior quarter.