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Spanish public debt reaches its record high

Public debt in Spain is currently standing at USD 1.3 trillion, which is about 92% of the country’s economic output. Despite the tough austerity measures, which sparked countrywide protests, the debt grew by 15% from last year and above the

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Spain’s debt level to increase further next year

Spain is not any far from being the fourth European nation to ask for a bailout, as the government has predicted the debt level to increase further. Treasury Minister Cristobal Montoro said debt would likely reach 85.3% of the country’s

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Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country’s debt crisis continues to bite. The banks said their boards would meet on Tuesday to vote on the merger. The

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Spain's 'Indignants' mark protest anniversary

Tens of thousands of people have protested in a number of Spanish cities to mark the first anniversary of the “Indignants” movement. In central Madrid, many protesters occupying Puerta del Sol square ignored a midnight deadline to disperse. However, by

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Spain’s ‘Indignants’ mark protest anniversary

Tens of thousands of people have protested in a number of Spanish cities to mark the first anniversary of the “Indignants” movement. In central Madrid, many protesters occupying Puerta del Sol square ignored a midnight deadline to disperse. However, by

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Spain in Pain

The Spanish government is due to unveil what is expected to be one of the toughest budgets in its recent history. Newly-elected Prime Minister Mariano Rajoy has already warned the budget will be “very austere”. On Thursday, Spanish police clashed

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