Damn you debt-reducing austerity-that-is-blamed-for-everything-that-is-wrong-with-Europe’s-triple-dip-recessionary-economy-when-it-is-the-corrupt-socialist-incompetent-politicians’-fault. Damn you to hell! Oh wait a minute:
Italy’s government debt rose to a record 2.169 trillion in July from 2.168 trillion in June, the Bank of Italy says in its public-finances supplement. Spain total govt debt amounted to a record 1.01 trillion in 2Q, up from 995.9b in 1Q, Bank of Spain says; 2Q Total Govt Debt Rises to 98.9% of GDP From 97.4% in 1Q With austerity like this, who needs to spend like a drunken sailor?
This post was published at Zero Hedge on 09/12/2014.
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