Spain’s Swelling Debt Seen Impeding Rajoy in Battle on Deficit

Spain’s Swelling Debt Seen Impeding Rajoy in Battle on Deficit

Angel Navarrete/Bloomberg

An employee positions a scrapped vehicle chassis using a front-loader in the yard of the Desguaces La Torre scrapyard in Madrid. Spain's total public debt jumped 20 percent last year to reach 84.1 percent of output as the government bailed out the nation's banks, its municipalities and its pensions and jobless-benefit systems.