Spain’s Debt Is Now Worth More than Value of the Economy

“Bank of Spain figures show that the country’s public debt is now worth more than the value of the economy,” CNBC reports. “The bank said Wednesday that Spain’s public debt stockpile stood at 1.09 trillion euros ($1.23 trillion) in the first quarter of the year. That represents 101 percent of the country’s annual GDP—1.08 trillion euros—in 2015.”

The Eurozone needs a common economic government urgently.