Spain's Boom To Bust Illustrates Euro Dilemma

An unprecedented construction boom followed Spain's adoption of the euro. In 2006, Spain had more housing starts than the U.K., Germany, France and Italy combined. But the 2008 economic crisis burst the bubble; 2.5 million jobs have been lost since then.
An unprecedented construction boom followed Spain's adoption of the euro. In 2006, Spain had more housing starts than the U.K., Germany, France and Italy combined. But the 2008 economic crisis burst the bubble; 2.5 million jobs have been lost since then.