Spain generates nearly 200 million in new debt daily

The Corner Spanish public debt has reached 1.763 trillion, a new record, but the most important thing for the Government is that the Debt-to-GDP ratio has fallen from 103.4% to 101.5% of GDP in one year. It forgets to mention that inflation in the first half of the year stood at 3.2%, meaning GDP is “inflated” by price increases that do nothing but erode Spaniards’ purchasing power. Economic…