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Jun 4, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Why Spain is in crisis and Florida isn’t

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Why Spain is in crisis and Florida isn't
Jun 4th 2012, 15:32

In the 2000s, both Florida and Spain had large, unsustainable housing bubbles that eventually burst. Since then, however, Florida has mostly stabilized. Spain, by contrast, is still reeling from 25 percent unemployment, and its woes are threatening to tear apart the euro. Why the difference?

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