Spain’s Deficit Widened to 10.2% on Bank-Rescue Cost: EU

Spain’s budget deficit widened to 10.2 percent in 2012, the most in three years, swollen by the cost of bailing out the banking system and a shortfall in tax revenue, the European Commission forecast. Rescuing lenders including Bankia SA (BKIA) added 3.2 percentage points to the budget gap last …

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Spain’s Deficit Widened to 10.2% on Bank-Rescue Cost: EU

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