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Post by bot on Sept 29, 2012 23:09:03 GMT -5
Spain to borrow 207.2 billion euros: report from MarketWatch.com - MarketPulse NEW YORK (MarketWatch) -- Spain intends to borrow 207.2 billion euros in 2013, the Budget Minstry said Saturday, according to a Bloomberg News report. Spain's budget minister said Spain's debt would expand to 90.5% of gross domestic product next year, according to the report. This year's budget gap would be 7.4% of economic output, the minister said. The nation's 6.3% target will be reached because it can exclude the cost of rescuing its banks, the minister added. Spain's government is under increasing pressure to look to the European rescue fund for aid instead of financial markets.
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