Quote:
Spain's public debt reached a record high in June, the country's central bank said.
The figure has risen to 942.8bn euros (£792.5bn; $1.3 trillion), equal to 92.2% of the country's entire economic output, the bank said.
This is nearly 15% higher than the same period last year and above the Spanish government's target limit of 91.4%, despite severe public spending cuts.
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http://www.bbc.co.uk/news/business-24077728
Maybe that's another reason they've been upping the ante re Gibraltar...