From Boom to Bust: The Economic Crisis in Spain 2008–2013

This chapter analyzes the overall economic crisis that started in 2008 in Spain. It is impossible to disentangle the 2008 banking crisis from the overall economic crisis that affected the country at the same time. This chapter looks at the performance of the Spanish economy throughout the 1990s and the first decade of the twentieth century. It examines the reasons for the success of the Spanish economy in the 1990s and provides an overview of the main causes of the 2008–2013 crisis and the governments’ responses.