David Cameron : Elections in Spain were a victory for conservatives . He says Spanish economic crisis was caused by huge debts . That causes a recession , which causes asset values to tumble more , which causes debts to go into default -- and the whole economy painfully unwinds . Unemployment now tops 20 % , and the euro handicaps Spain , he says . Spain : Rethinking the Euro is key to solving Spain 's problems .
David Cameron : Elections in Spain were a victory for conservatives . He says Spanish economic crisis was caused by huge debts . Unemployment now tops 20 % , and the euro handicaps Spain , he says . Spain : Rethinking the Euro is key to solving Spain 's problems .