Spain is a country located in Southwestern Europe, occupying the majority of the Iberian Peninsula. It consists of 17 autonomous communities and two autonomous cities, with Madrid as its capital. Spain is known for its rich cultural heritage, diverse geography, and historical significance. The nation has a population of approximately 47 million inhabitants and is characterized by a variety of languages, the most prominent being Spanish (Castilian), along with regional languages such as Catalan, Galician, and Basque. Spain has a parliamentary constitutional monarchy, with a king as the head of state and a prime minister as the head of government. The country has made substantial contributions to art, literature, and architecture, being home to internationally renowned figures such as Pablo Picasso, Miguel de Cervantes, and Antoni Gaudí. Its diverse climate ranges from Mediterranean to oceanic and continental, influencing its agricultural and economic activities. Spain is also recognized for its vibrant traditions, including Flamenco music and dance, and festivals like La Tomatina and San Fermín. The country is a member of several international organizations, including the European Union and the United Nations.
Spain's Ministry of Finance announces a major debt relief measure, forgiving €83.252 billion for autonomous communities. A three-phased plan focuses on "adjusted population," distributing 75% of relief, equating to €1,369…