Read the case study “The Spanish Government’s Response to the Debt Crisis” below and conduct further
research on this topic. What are your conclusions regarding the following:
What was the cause of the debt crisis in Spain?
What actions has the Spanish government taken to reduce its national debt?
What problems have resulted from the size of the national debt in Spain?
To what extent is the Spanish debt crisis an international problem rather than merely a national one?
(Dransfield, 2014, p. 208)
Please explain your answers.