law - public -  debt


In 2010 the national public debt is low by European standards. It's around 460 billion euro, which is the same as the Belgian public debt. It accounts for only around 40 procent of the Gross Domestic Product.

But in May 2010 the problem with Spain seems to be that the Spanish public finances had a major deficit in 2009. It's probably around 20 percent of GDP.