The Great Spanish Crash

The Great Spanish Crash

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Summary

This World investigates how Spain's once-thriving economy has become the latest casualty of the Eurozone crisis. Paul Mason examines how the transition to democracy after Franco's dictatorship created a financial and political system that left the country vulnerable to catastrophe when the world crisis struck in 2008, interviewing key players including former prime minister Felipe Gonzalez and European Commissioner for Competition Joaquin Almunia. He also reveals how Spain's credit and construction boom collapsed and left millions facing poverty, with politicians still bickering about a potential bailout.
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