David Frum : The Republican Party is in a state of collapse. He says Spanish economic boom was financed by huge debts . Unemployment now tops 20 % , and the euro handicaps Spain , he says . Frum : Rethinking the Euro is key to solving Spain 's problems .
David Frum : Elections in Spain were a victory for conservatives . He says Spanish economic boom was financed by huge debts . Unemployment now tops 20 % , and the euro handicaps Spain , he says . Frum : Rethinking the Euro is key to solving Spain 's problems .