And let's not forget that one of the biggest (post dot com bubble) Spanish statups, Gowex, which was valued at 1.9B at some point, turned out to be a big fraud,

And let's not forget that one of the biggest (post dot com bubble) Spanish statups, Gowex, which was valued at 1.9B at some point, turned out to be a big fraud, a la Enron. [1] [1] http://www.bloomberg.com/bw/articles/2014-07-17/spains-lets-gowex-implodes-after-short-seller-exposes-fraud http://www.bloomberg.com/bw/articles/2014-07-17/spains-lets-...