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111 sats \ 1 reply \ @clr 13 Dec \ on: What Spain can teach the rest of Europe econ
Debt-to-GDP is 104.4% (today's news). It's a mirage. When the music stops, we'll see what happens.
That sounds pretty concerning indeed, but to assess how critical it is, one would need to know at what interest rates Spain has been able to borrow money... also has it increased dramatically or has it been hovering around this number for years/decades, i.e. how sustainable has the debt been?
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