Despite many of the very clear comments in this thread pointing out holes in the article, the overall conclusion is unfortunately fairly sound - for the mid ter

Despite many of the very clear comments in this thread pointing out holes in the article, the overall conclusion is unfortunately fairly sound - for the mid term. The current austerity measures combined with unemployment mean the markets at large do not expect Spain to remain stable enough to invest in. With extremely high unemployment, especially among youth, comes social instability. This kind of instability frightens governments, which typically point to the private sector as the source of all ills and nationalize swaths of industry in order to feed populist sentiment. This fear is being reflected now, and I tend to agree that I don't expect the mid-term to be kind to Spain. However, in the longer term it may come out better off, provided Germany continues to hold the Eurozone with an iron-wallet. Germany does (mostly) control the EU by proxy anyway (~ '-')~