Monday, June 11, 2012

How Does Spanish Debt Compare to the Rest of the World?

Spain may be the latest recipient of a 100B Euro bailout, but compared to many other countries in the Eurozone, face value debt metrics aren't quite as bad for Spain.  Government debt to GDP in Spain is 70%, which is the lowest of any PIIGS nation and lower than Japan, Germany, France and the US.

In terms of deficit, Spain looks better than a few other countries also, most notably the US.

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