Thursday, May 31, 2012

Why is Spain now in crisis? And can it be fixed?

I know that the various European nations all have different reasons for being in financial crisis, but I have problems remembering all the details. For example, I know that Spain had a budget surplus before the crisis so it wasn't profligacy that caused their problems, in fact it was a housing bubble. But I had problems going from a housing bubble to 25% unemployment. Brad Plummer explains Why is Spain now in crisis? And can it be fixed?.

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