"Is Spain in such a terrible state that Argentina looks better? " I have a friend that is from Argentina and says "And you call this "crysis"?" referring to Sp

"Is Spain in such a terrible state that Argentina looks better? " I have a friend that is from Argentina and says "And you call this "crysis"?" referring to Spain, where he lives. In Spain things are not that bad, yet. Spain is over indebted, so is USA.