Economical fact is that Europe's debt problem is caused by the 2008 financial crisis where central banks told the nations pour liquidity into their system in tunes of ~400 billion euros. Spain and other countries were all forced to participate in this. No country was immune except Island who smartly gave a finger to the central banks and defaulted. So, Spain's debt, on paper has doubled meanwhile the Government has been shrinking at the same time. It is sheer propaganda lie that Europe's problem is socialism and overspending. Virtually it is the flooding the nations with money and now decrying their using that money to write off bad loans and losses that money disappeared. It is not because the French had 6-weeks vacations per annum, rather it is the 2008 crash that causes the problem they are facing today. How they are going to get out is this mess with the German's controlling the money supply and asking cuts in every place but in Germany. Social spending has not been cut the Germany, the Turkish immigrants and other outcasts, the drecks of the society still get a very decent social safety net. All other nations go to hell! Hitler could not have dreamed this one up!