Trouble Ahead for Spain

Economists all agree that Spain’s economy is slowing, but some are warning that the risk of a crisis is rapidly increasing, according to Thomson Financial and the Telegraph.The IMF remains optimistic that Spain is headed for a gentle soft landing, however some data indicates that their economy is not as stable as most perceive. Spain's once booming real estate market is weakening and its current account deficit surged to 17.6 billion euros in the first two months of the year.