Euro Crisis

The Euro crisis has greatly affected Spain, as it has the “highest combined budget and current account deficits” of any European country (except for Iceland). The article states that Spain has over 225 billion euros in debt, comparing this amount to the size of Greece’s economy. Spain has reached its highest unemployment rate, with 21 percent of people jobless, more than twice the European average.

This financial crisis has caused more than 40 percent of the 20-24 year old population unemployed.

http://topics.nytimes.com/top/news/international/countriesandterritories/spain/index.html