Public debt in Spain is skyrocketing, with the deficit at 5 percent. But Madrid blame much of the budget woes on the regions. Catalonia is most cash-strapped. The regional government isn’t even able to pay for medications.
The Socialists may have won the general election, but the real story is the rise of the far-right nationalist Vox party as it enters the Spanish parliament, says Bernd Riegert.
Spanish Prime Minister Pedro Sanchez's political allies have pulled their support for his budget proposals. The move casts doubt over the future of Spain's new government which was sworn in just two months ago.
For the first time since 2007, France's public deficit is finally within the set EU limit. While boosting the president's aim of convincing Berlin to support eurozone reform, some now want to spend rather than save.
While a Catalan secession is unlikely, the risk of political limbo raises fears of entrenching Spain's economic woes. Eyes are now peeking at how Spain's sovereign debt is pricing risk.
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