The Hill News

Spain has requested and received a $126 billion bailout to become the largest country in the European Union to receive a bailout in this two-and-a-half-year-long economic crisis.

For now, they can breathe a temporary sigh of relief. The key word, however, is temporary, because no significant structural changes have been made to their financial philosophy and their actions have not changed.

Just because the European government put pressure on Spain to agree to an aid package ahead of the Greek elections on June 17 does not mean that the financial crisis is resolved. In fact, with the upcoming elections, this entire situation means that we will return to this beast of a financial disaster again after kicking the can down the road.

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