The Economy of Spain: World's Greatest Bubble?
The Spanish Economy is one of extremes. At one point a focus of the Eurozone Crisis, at another the largest contributor of growth, and more recently, suffering the greatest economic hit of any Advanced Economy in 2020.
Spain’s Economic problems are often confused. In the years leading up to the Great Recession it posted consistent budget surpluses.
However, a huge real estate bubble was lying in wait.
The question... is why?
Why did Spain go from a seemingly safe level of debt to one larger than its Economy?
How was the housing bubble encouraged?
And since then, has Spain’s Economy ever truly recovered? Or in what ways?
#Spain #SpanishEconomy #Economics
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"Bedtime Reading" Reference: https://www.europarl.europa.eu/RegData/etudes/divers/join/2009/416206/IPOL-ECON_DV%282009%29416206_EN.pdf
Please note that end fiscal stimulus for 2009 differed from the projection, sorry for any confusion! 👍
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📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео The Economy of Spain: World's Greatest Bubble? канала AltSimplified
Spain’s Economic problems are often confused. In the years leading up to the Great Recession it posted consistent budget surpluses.
However, a huge real estate bubble was lying in wait.
The question... is why?
Why did Spain go from a seemingly safe level of debt to one larger than its Economy?
How was the housing bubble encouraged?
And since then, has Spain’s Economy ever truly recovered? Or in what ways?
#Spain #SpanishEconomy #Economics
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video?
Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1
Follow AltSimplified on Social media:
Facebook: https://www.facebook.com/Altsimplified/
Twitter: https://twitter.com/altsimplified
Quora: https://www.quora.com/q/economicsaltsimplified
Discord: https://discord.io/altsimplified
Other Discord Link: https://discord.gg/gTzEznrmeY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
"Bedtime Reading" Reference: https://www.europarl.europa.eu/RegData/etudes/divers/join/2009/416206/IPOL-ECON_DV%282009%29416206_EN.pdf
Please note that end fiscal stimulus for 2009 differed from the projection, sorry for any confusion! 👍
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео The Economy of Spain: World's Greatest Bubble? канала AltSimplified
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