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I think Spain's entry into the EU in 1986 was a big mistake. It literally sold itself to Germans and let its industry be folded or ruined. Despite the mistakes done in so called Europeanization of Spain and so called Upgrades to its infrastracture, Spain has managed to survive as a healthy young nation.Spain will succeed in managing its financials in very near future.By the way the problem of high unemployment in Spain is 25 years old and it is not a major factor in current problems. I think some people are exxagerating and over stating certain things.Spain is not comparable to Greece or Portugal. Its economy, life and financials are many times better than the one of the UK and the USA. It will come out of the current Euro debt crisis with flying colors and it will be once again the hot market for years to come.
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