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UPDATE 1-Spain's decade-old 'bad bank' liabilities push debt to 120% of GDP


By Reuters Staff
(Recasts to add ‘bad bank’ liabilities and details)
MADRID, March 31 (Reuters) - Spain’s public debt reached 120% of gross domestic product last year, above the previously reported 117.1%, the Bank of Spain said on Wednesday, after adding ‘bad bank’ liabilities stemming from the financial crisis a decade ago as demanded by Brussels.
The debt-to-GDP ratio spiked from 95.5% at the end of 2019 and 114% in the third quarter of 2020, mostly due to increased spending to cushion the effect of the COVID-19 pandemic and a simultaneous economic slump.
The higher final debt ratio confirms what a senior government source told Reuters last week. ....

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Iberdrola busca fondos de recuperación de la UE para proyectos españoles de energía limpia

Iberdrola busca fondos de recuperación de la UE para proyectos españoles de energía limpia
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