Cracking Up and Cracking Down: Spain Is Bursting at the Seams

‘As the turmoil in Greece slowly yields (for now at least) it’s important to remember that the small Eurozone nation is hardly the only one in the EU that is in trouble, both fiscally and socially. In truth, it seems that Europe as a whole can hardly contain itself, and you can strike sparks just about anywhere. Europe is a fiscal mess with an aging population, ruled by a burdensome continent spanning bureaucracy, and simmering with ethnic and cultural tensions that range in age from ancient to modern.

So while the media is busy dancing around Greece as if the future of Europe lies solely in their hands, stop and take a look around the rest of that continent. I think you’ll find that the Eurozone could unravel just about anywhere. But if I could pick just one vulnerable country, I think Spain would be at the top of my list of the most unstable nations in the EU.

They have numerous of economic problems, including one of the highest debt to GDP ratios in the EU, and an unemployment rate that has exceeded 20% for many years now. In response to their fiscal and social woes, their government is rapidly spiraling into an despotic regime that hasn’t been seen since the days of Franco. Just last month the government handed down some of the most draconian free speech laws in the EU.’

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