TOPIC
 / location

Spain

Help preserve 120 years of quality journalism.
SUPPORT NOW
Spain
After adopting the euro, the Spanish economy initially benefited from sharply lower interest rates, spurring a property bubble. However, with the onset of the global financial crisis, property prices collapsed, causing widespread layoffs, and pushing unemployment to more than 26 per cent by the end of 2012. Spain received a bank bailout from the European Central Bank in 2012.
Capital
Madrid
Head of State
King Felipe VI
Head of Government
Prime Minister Pedro Sánchez
last updated:
25 September, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement