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Why Spain is Risking Europe to Save Its Economy

In January 2026, Spain announced plans to regularize 500,000 undocumented migrants — granting them legal residency and work permits. The government says it needs them to save a collapsing pension system. But under the Schengen Agreement, once legalized in Spain, these people can move freely across 27 European countries. Spain just made an immigration decision for 450 million Europeans — without asking any of them. In this video, we break down why Spain is taking this gamble, what it means for the rest of Europe, and why every EU country is watching closely.