Spain has been mired with a national debt to the tune of 712 billion euros (about US$892 billion); which amounts to about US$19,391 per citizen. So there is an increasing concern weighing down this country, because it has to pay for the cost of its 10-year bond yield at the rate of about seven percent. In addition, it has to try to slash its national debt and at the same time, cope with its budget. This task never promises to be easy. We have to face the harsh realism: The Eurozone and Europe have been paralyzed seriously with a great financial crisis!
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