In case you are interested, this hour long documentary from the BBC gives a very workmanlike breakdown of how it all  happened.

Spain is the canary in the coal mine for the world’s top economies, because of its large size and its fragility. The story carries lessons for everyone, everywhere. What happens in Spain first can happen later in more robust economies.

Well made and clearly explained, in one hour with this video, you’ll be up to speed.

Cross posted from: http://seaton-newslinks.blogspot.com