Summary of Spain Remains Crucial to the EU and Europe Despite Its Crisis

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Spain Remains Crucial to the EU and Europe Despite Its Crisis summary
What is Spain’s standing in Europe? Are its economic woes putting its relationship with the European Union at risk.

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Edmund Burke, an 18th-century philosopher, once described Spain as “a whale stranded on the coast of Europe.” Now that the nation is embroiled in the European sovereign-debt crisis, what will become of this beached giant? getAbstract recommends Jaime Pinto’s article to policy makers, investors and followers of European politics. Pinto, a historian and political writer, clearly outlines the difficulties facing the Spanish government and the implications for the euro zone. Pinto presents well-structured opinions on the importance of Spain to the European Union.

In this summary, you will learn

  • Why Spain’s economic crisis endangers EU stability
  • What internal problems the nation is facing
  • Why Spain continues to advocate a pro-European view
 

Summary

Spain is the fourth-largest economy in the euro zone. Its sovereign-debt crisis could jeopardize economic security in the European Union (EU) and the future of the euro. Between 1994 and 2007, Spain enjoyed an average yearly growth rate of 3.63% and earned a reputation as a “model for democracy and ...
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About the Author

Jaime Pinto is a historian and political writer. His works include books on Portuguese history, political science and African affairs.


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