SPAIN: Debt Burden May Reach 90% Says S&P; Credit Rating Lowered.

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Standard & Poor's predicts that Spain’s debt burden may more than double to as much as 90 percent of GDP with wider deficits and slower economic growth than other EU nation's in the next decade. Spain’s debt last year was 39.7 percent of GDP. S&P lowered Spain's AA+ rating as its budget deficit is forecast to be one of the highest in the region this year, at 11 percent of economic output.