Spain's Debt Pile Rises Above 100% of Output Yet Again: Chart

Spain’s government debt pile rose for the fourth consecutive month in March, once again climbing above 100 percent of gross domestic product, according to a Bloomberg calculation based on data from the Bank of Spain. Prime Minister Mariano Rajoy’s government has been struggling with a debt-to-GDP ratio hovering around 100 percent since mid-2014 even as Spain leads the recovery in the euro area. For this year, the government is aiming at a reduction to 98.8 percent -- still in breach of the European Union’s fiscal rules, which have a 60 percent limit.