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Gifts from The Morning Star
Spaniards fleeing the frying pan for the fire
Many leave austerity-ridden Spain for a brighter future here, only to be sadly disappointed, reports CARLOS GONZALEZ

THE ECONOMIC crisis of 2008 had a dramatic effect in Spain, revealing a weak and volatile economy largely dependent on the construction industry.

Before the crisis hit, then prime minister Jose Maria Aznar proudly claimed that Spain was constructing more housing than Germany, Britain and France put together, boasting about what he thought was the successful model of the Spanish economic renaissance.

But the worldwide economic crisis sparked by banks and their mortgage debts bankrupted Spanish banks, necessitating a bailout from the public purse. It was the Spanish people who footed the bill.

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