Rajoy filled with joy as Spain’s deficit is under 7% of GDP

Prime Minister Mariano Rajoy said the 2012 Spanish public deficit was less than 7% of the country’s GDP last year.

“In a time of recession like the one Spain is going through now, I can inform you that Spain’s public deficit was below 7 percent of GDP last year,” Rajoy stated in Madrid Wednesday.

Since 2008's economic crisis Spain’s debt has more than doubled.

Last summer a possible Spanish bailout was being talked about, but as of now it appears Spain has moved forward and could continue to improve economically.

The EURUSD is bearish so far today. According to today’s daily close there could be a decent short signal forming