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Spain's public debt hit record high at end of 2012

Spain's public debt hit record high at end of 2012

Latvia signs formal request to join euro area

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Figures on government spending and debt

Total public debt subject to limit Feb. 12 16,454,633Statutory debt limit N/ATotal public debt outstanding Feb. 12 16,494,367Operating balance Feb. 12 25,574Interest fiscal year 2013 through Jan...

Greece orders striking ferry crews back to work

The public debt management agency said it raised (EURO)812 million ($1.1 billion) at an interest rate of 4.27 percent - compared to 4.3 percent in last month's auction.

Cyprus insists against privatizations in bailout

Cyprus' government spokesman says there's no reason to consider privatizing state-owned companies now because it's not yet certain that the public debt burden would be too heavy for the country to...

Bailed-out Portugal raises $3.3 BN in debt auction

The Public Debt Agency said it sold (EURO)1 billion in 18-month Treasury bills Wednesday at a rate of 1.963 percent, down from 2.990 percent last November.

Greece raises 1.3 billion euros in T-bill sale

The government's Public Debt Management Agency said the 13-week T-bills were sold Tuesday at an interest rate of 4.11 percent, edging down from the 4.2 percent rate on Nov. 13.

News Summary: Italian debt tops 2 trillion euros

BIG DEBT: Italian public debt has swelled to its highest ever level, reaching (EURO)2.014 trillion ($2.64 trillion) in October, the Bank of Italy said Friday.

Spain's house prices keep tumbling

Public debt levels then rose to worrying levels as the government rushed to prop up the ailing lenders.

Italian debt at record high above 2 trillion euros

Italian public debt has swelled to its highest level ever, reaching (EURO)2.014 trillion ($2.64 trillion) in October.

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Fitch upgrades Greece's credit rating

However, the one-notch upgrade from CCC to B- still leaves Greece's government debt six levels...

BRUSSELS: Euro ministers urge troubled Slovenia to act

While its overall public debt is well below the 27-country EU average, the country of 2 million...

Austerity could be a cure or a toxin

Growth stalls, they said, once public debt tops 90 percent of GDP.