Spain has been under increasing pressure about its own sovereign debt position as dark clouds continue to swirl around its Mediterranean neighbor Greece.
Their debt is huge, the banking system is troubled, and they had a monster housing bubble.
Strictly speaking, the country may not be as bad as Greece, but when you consider how enormous Spain is, its troubles could make Greece look like child’s play.
Just consider this: Spain’s GDP is $1.6 trillion. Greece’s is $357 billion.
Check out what got Spain into this mess and what it has to fear in July>
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See Also:
- Spain Begs Markets To Stop Comparing It To Greece
- Spain Is On The Brink Of Financial Collapse Because Nobody Pays Taxes
- Forget Greece, With Nearly 19% Unemployment, Spain Should Have You Freaking Out