Spain’s debt against GDP continues to rise

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THE Bank of Spain has announced that the Spanish government’s debt rose to 114.1 per cent of gross domestic product (GDP) in the third quarter of 2020, a rise of 3.9 per cent over the second quarter figure due to continued spending and drop in economic output.

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.

Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.

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