Spain public debt has climbed to record 92.2 percent of the country’s gross domestic product (GDP) for the second quarter of this year amid deteriorating financial woes. The Bank of Spain announced on Friday that the Spanish debt for the period between April and June surpassed the government’s year-end target of 91.4 percent of GDP, reaching the unprecedented 92.2-percent level. This is while... 

A euro coin with the Spanish national flag in the background. The European Commission says Spain is on top of the list of the eurozone 12 critical economies as new reports show investors flee Spain amid the deepening financial crisis. Affected by Greece’s economic woes, the Commission on Wednesday listed Spain and Cyprus as two European states in “very serious” trouble. “Spain faces...