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Greece and Spain collapsing: A taste of the sauce before the "big meal" for USA

Posted: November 19, 2012 |   Comments

Nearly all of Europe is currently going through a tense economic situation and in some countries, it has taken the shape of a chronic crisis. Two of the hardest hit countries in the region are Greece and Spain. The Greek government is trying hard to figure a way out of the crisis. It needs to implement certain austerity measures against the will of the people to safeguard the interests of creditors. The condition is worsening particularly for the healthcare system where hospital staffs have to work without pay. The whole healthcare system is on the verge of collapse due to lack of proper funding.

Spain, on the other hand, is in no better position, reports Natural News. The country has been going through an economic predicament for quite some time now. To date, the government has failed to take any effective steps to alleviate the situation. The ongoing crisis is fueling people's discontent so much that many in Catalonia are advocating for independence. It is needless to say that if Catalonia detaches itself from Spain, it will be a huge blow to the nation not only because that particular region has a rich cultural history but also because it is home to 16 percent of Spain's total population and generates one-sixth of the country's economic output.

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