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New leap in public debt: another €1.6 billion compared to this time last year

Whichever way you look at it, it is not good news: Portugal’s public debt, as of end 2017, has increased on last year-end’s total, settling at €242.6 billion.

But positive spin stresses that the figure “dropped in December” and has been “partly compensated” by the government’s earlybird repayment of its IMF loan, which brings down interest payable substantially (click here).

Public debt has also been a great deal higher (click here).

Thus, today’s news, though no reason for celebration, is just another kink in a very long road.

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