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Costa Rica will beat Greece for government deficit

Monday, August 20, 2012

The amount of money Costa Rica's government will lose this year will be more than Greece's deficit, a world symbol of bad financial administration.

Costa Rica's deficit for next year is even expected to be twice as much as that of Spain's, in terms of national production percentage values.

For now, the only way for the country to get out of this situation is to get into more debt, due to new loans planned for the next two years.

Full story (in Spanish)