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Despite Upturn in Economy, Spain Still Not Out of the Woods

By Eve Pearce The year 2008 marked the commencement of one of the harshest crises encountered by the Spanish economy in history. Finally, there is a silver lining on the horizon, with the International Monetary Fund claiming (in June, 2014)

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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 does not need a bailout at all”

Rumors have it that Spain will very soon ask for a bailout, as it seems unable to get itself out of its financial difficulty that has hit it since 2008, when global financial crisis cause a big crash in the

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