Brussels, 27/03/2013 (Agence Europe) - On Wednesday 27 March 2013, the Spanish government announced that the country's public deficit would be 6.98% in 2012 rather than the previously forecast 6.7%. The new figure does not include the cost of bailing out the banks (loans to the Spanish state of €40 billion from the European Stability Mechanism, more than 3% of GDP).
Spanish secretary of state at the treasury Marta Fernandez Curras said that the change in the forecast was due to changes in...