️<unk>️<unk>️<unk>️  (CNN) Europe is in the midst of a political and economic crisis that threatens to unravel decades of European integration and derail the world's recovery from the great recession. (CNN) Europe is in the midst of a political and economic crisis that threatens to unravel decades of European integration and derail the world's recovery from the great recession. To understand this crisis, let's compare two countries.<unk> To understand this crisis, let's compare two countries. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ It lied about its budget to get into the eurozone.<unk> It lied about its budget to get into the eurozone. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ It entered the eurozone with an honest accounting of its finances.<unk> It entered the eurozone with an honest accounting of its finance. ️<unk>️<unk>️<unk>️<unk>️<unk>️ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you believe Greece has caused the crisis in Europe because of its fiscal irresponsibility, then you are safely in the mainstream opinion about the matter. <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> Wrong. Wrong. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk> Country B is Spain.<unk>Country B is Spain. Far from prospering, Spain is doing terribly.<unk> Far from prospering, Spain is doing terribly. Spain's unemployment rate is 23.7%, down from a high of almost 27% in 2013.<unk> Spain's unemployment rate is 23.7%, down from a high of almost 27% in 2013. Over a fifth of its workers have been unemployed for the last four years.<unk> Over a fifth of its workers have been unemployed for the last four years. More than half of its young people are out of work and have been for years. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk> Spain's economy also shrank during the crisis and its debt to GDP ratio has skyrocketed. If Greece and Spain have such wildly different approaches to fiscal prudence, what can explain the crisis they both find themselves in? ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ ąąąąąąąąąąąąąąąą ąąąąąąąąąąąąąąąąąąąąąąąąąąą
Lisa Tripp asks why both are in crisis? If Greece and Spain have such different approaches to fiscal prudence, Lisa Tripp asks why both are in crisis? ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️