What happens in Spain, among the euro zone's largest economies, matters. Its high unemployment (over 26%), burgeoning public debt, and banking crisis will be formative for the zone's future.
In Spain: What Everyone Needs to Know, a timely addition to Oxford's acclaimed What Everyone Needs to Know series, veteran journalist William Chislett provides much-needed political and historical context for Spain's current economic and political predicament. Chislett recounts the country's fascinating and often turbulent history, beginning with the Muslim conquest in 711 and ending with the nation's deep economic crisis, sparked by the spectacular collapse of its real estate and construction sectors in 2010. He explains the country's transition from dictatorship to democracy and covers such issues as the creation of a welfare state, the influx of immigrants, internal strife from the separatist Catalan region, the effects of stringent austerity measures, the strengths and weaknesses of the economy, and how the country can create a more sustainable economic model for the future. In a concise, question-and-answer.
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