MADRID (Sputnik) — Spain’s gross financing has surpassed the threshold of 100 percent of the country's GDP, amounting to $1.22 trillion, according to Bank of Spain estimates published Friday.
The Spanish national debt increased by approximately $11 billion in February, according to the latest available data, compared to almost $5.5 billion in the same period of 2015.
Spain’s current level of debt is the highest since 1910.
In mid-February, Mariano Rajoy, the acting prime minister of Spain, urged Brussels to "show flexibility" in its demands regarding the country's budget deficit, which exceeds the level of the country's GDP by 4.2 percent.
