Curious about the Spanish economic crisis? This Wikipedia article will bring you quickly up to date. One of the most egregious consequences of the recession is the 50% youth unemployment rate. Wikipedia.org–The Great Recession in Spain[1][2] began in 2008 during the world financial crisis of 2007–08. In 2012 it made Spain a late participant in the European sovereign debt crisis when the country was unable to bailout its financial sector and had to apply for a €100 billion rescue package provided by the European Stability Mechanism (ESM). The main cause of Spain’s crisis was its enormous More…![]()
