Theoretically, anyway, as el gobierno plunges forward (or downward);
Spain’s outstanding debt is now projected to surpass the average in the euro zone for the first time since the single currency was created. Over the past 18 months it has risen from 70.4 percent of GDP to the current level of 92.2 percent as the government failed to make the expected progress in trimming the public deficit.
....The economy remained in recession in the second quarter of the year, although the contraction narrowed to 0.1 percent on a quarterly basis. The government believes the economy has now bottomed out and is predicting modest growth from the third quarter.Well, maybe a little more of the old time Keynesianism....
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