Spain 2012 Deficit Widened to 10.2% on Bank-Rescue Cost, EU Says

Spain 2012 Deficit Widened to 10.2% on Bank-Rescue Cost, EU Says

David Ramos/Bloomberg

A pedestrian carries a sack along a street in Figueres, Spain. Spain’s debt load more than doubled to 88 percent of GDP last year compared with its pre-crisis level. It will surge to 101 percent next year, according to the European Commission.