Spain debt rises on aid to banks, regions, finance cost
MADRID (Reuters) – Spain’s debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday. Spain’s debt as a ratio of gross domestic product will reach 90. 5 percent by end 2013, according to the document presented to parliament for approval, almost three times that registered before the property bubble burst in 2008. The budget aims to make savings of around 13 billion euros ($16. . . .
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