11822. THE FINANCIAL SYSTEM OF SPAIN. Explores the rapid growth of the Spanish economy with its inclusion in the EC and NATO and compares it to the U.S. model. Criticizes the Bank of Spain's poor organization and its need for deregulation. Considers Spain's need for increased investment banking, and a reduction in inflation and budget deficit. Main paper: 15 pages, 28 footnotes, 23 bibliographic sources. Also includes Appendix on Spanish Bank: Recent History. 6f., 3b.