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Final answer:
The financial crisis in Spain led to a weaker state, loss of territories, and Philip II's failed invasion of England with the Spanish Armada.
Explanation:
The outcome of the financial crisis in Spain was that Spain emerged as a weaker and poorer state, with losses of territories in Portugal and the Netherlands. This crisis was further exacerbated by Philip II's failed attempt to invade England with the Spanish Armada, resulting in a significant financial and military setback.
Furthermore, structural reforms were implemented in various sectors like the economy, labor, and education to address the deep-rooted issues contributing to Spain's financial difficulties.
Learn more about Financial Crisis in Spain here:
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