Magazine content is available exclusively for TIME subscribers.SPAIN: Nation in Trouble
SPAIN Nation in Trouble
Things have been going from bad to worse for a long time in the once great kingdom of Spain. Left behind by the great revolutions of the 18th and 19th centuries, Spain moved from feudalism to confused socialism to fascism through one of history's most destructive civil wars. After that came the mismanagement and the narrow imagination of Francisco Franco's regime. Spain was near economic disaster when U.S. aid began to arrive.
Wisely spent, the $2 billion pumped into Spain during the past eight years might have gone far toward putting the country on its feet....
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