our leader is on tv, page-19

You probably should research Spain's pre GFC fiscal position. The problems of Spain and Ireland were caused primarily by runaway booms in their real estate market which they couldn't check with monetary policy because it was centralised within the entire Euro. The bigger the bubble the bigger the pop. Spain and Ireland both of which collapsed economically had very strong pre crisis fiscal positions. Spain's debt position, despite 26% unemployment, is still better than many countries in the Euro.

Reaper.