With regard to Spain’s debt, there has been a Keynesian policy in place, of ECB monetary expansion and the expansion of government debt, call it what you like. And this policy has allowed Spain to grow at an annual rate of 3% in three years.
Spanish Public Debt
MADRID | The Corner Team | A typo can come very expensive. One tiny graphical error boosted Spain’s 2014 public debt forecast by 10 billion euros ($13.6 billion), the government admitted on Thursday. After announcing the figure to the world, they took four days to issue a correction.