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For decades and centuries even, European Countries has been at loggerheads with each other. It was thought that, if Europe were to leave in peace and becoming a formidable strengths the rising power of the United States and the USSR they ought to come together. Thus decades following the Second World War, the made frantic efforts to coming together through a series of agreements and harmonizing their national laws and economies .
This report takes a look at how Spain got into the sovereign debt crisis that has engulfed the nation, and the contribution of their banks to this problem.