Spain remains crucial to the EU and Europe despite its crisis

Judges and law courts staff protest at austerity measures in March 2013 (photo:dpa)
Judges and law courts staff protest at austerity measures in March 2013 (photo:dpa)

The sense of danger in the eurozone following the financial and sovereign debt crises of Greece, Ireland and Portugal, remains with fears of similar risks to other economies in southern Europe. Spain and Italy are in the spotlight as Cyprus reaches a last-minute rescue deal. Events in Spain are confirming everyone’s worst fears but it remains crucial to the EU.

SPAIN’S faltering economy, the fourth largest in the eurozone, could threaten the entire European Union and the future of the common currency.

Securing the eurozone is the EU’s prime goal and Spain could be one of its biggest challenges as the risks continue to increase. Bailouts have already ...

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