A great burden for Zapatero to bear

First it was Greece, then Ireland, then Portugal and now it’s Spain. While in the US the economic crisis is almost over, in Europe bailout of countries is still a major topic of the news. After recent subprime mortgage crisis, it looks like most of the countries who was effected by the crisis undergone some changes in their economic system. This article talks about some of the reforms that president of Spain, José Luis Rodríguez Zapatero, is proposing. Mainly most of the reforms call for new transparency rules for banks, to clarify exposure to toxic loans. This article once again illustrates just how big the role of the government is in the economy of a country.