The main reason spain problems are high debt and no control on fiscal deficit. But do you think spain is only country in world with this problem. Not really.. fiscal deficit is common all over and as % of GDP it has gone up specifically in north american and europe region. With Asian countries taking care of core business like service and manufacturing sector there is not much option left for american and european countries.
This is not a sustainable model. American can't support chinese economy forever by importing goods and refinancing its debt and same is true with Britan and other countries.
Make your life more simple get the personal loans and everything you want.