In the last month Spain’s credit rating has been downgraded two grades, from A to BBB+ and new unemployment figures have revealed one in four Spaniards are now out of work, including an unfathomable 52% of under 25’s. The prospects for Spain are extremely bleak, but the repercussions for the rest of Europe and the Euro may be equally dire.
In November 2019, the European Commission adopted its “European Green Deal”. The target is to make the European Union (EU) carbon neutral by 2050. More concrete details will follow. This project, introduced by Commission President Ursula von der Leyen, is presented as the answer to nearly every problem the EU is facing: the environmental crisis, the economic crisis and the various political crises.