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This is a personal opinion but I suspect it's probably pretty close to the mark.
Spain has a large set of social programs. The National health system has to be expensive. The government run retirement system even more so. The citizens are not accustomed to think ahead and to provide for their own futures. Almost none of them save for their own retirement, instead they expect the government to maintain at the same standard of living that they enjoyed while they were productive. I suspect Spain, as well as France and Germany and other European countries, are facing a future that will make our medicare/social security problems seem trivial in comparison.
They also have a large problem with illegal Immigration from Africa.
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