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Spain Pays a Price for Smaller Deficit

Wall Street Journal Original article ›

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Spain's budget deficit as a percentage of GDP comes in at 6.7% for 2012, according to government figures. This means Spain is making significant progress in bringing down its deficit to reduce borrowing rates. This gives the government more flexibility with austerity measures at a time of rising unemployment estimated at 26%.

Spain- debt, credit ratings, and borrowing costs 2011-2014

01/04/2011

Bond yields for Spanish government bonds in 2011-2014.

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