The Economy Of Spain And Spain

1156 WordsDec 4, 20155 Pages
The economy of Spain has taken a downturn in 2011 since the fifteenth and sixteenth centuries. Unlike the fifteenth and sixteenth centuries, where Spain was a global empire, modern Spain is facing a very stagnant economy. Spain’s “unemployment rate reached a record of 27 percent” in 2011. This shows that more than 1 in 5 Spaniards is struggling to feed their family. Luckily, things had gotten better. The October 2015 unemployment report shows that the number of those who are not working is down to 21.2 percent according to “Spain’s unemployment falls, and Rajoy’s prospects Rise” by Raphael Minder. The increase in jobs was mostly seasonal; and created only by tourist’s influence in Spain, not Spanish leaders (Minder). So the major issue presented by the article is the idea that Spanish leaders are useless, in terms of creating a sustainable economy for the country. Based on Spain’s current situation, it is clear that Spain’s current leaders are not making the economy any better than their forefathers did a century ago, because a lot of Spaniard are not finding jobs due to the current economic crisis. Again, only history can explain how a dominant nation such as Spain is now back to the ground state. Spain’s current economic fall was foreshadowed in its history. Although, the economic status of Spain was not well known in the past, the country struggle under Muslim ruler due to religious difference between different groups leaving in the country. The moors took over Spain in
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