Legacy "Because Philip II was the most powerful European monarch in an era of war and religious conflict,evaluating both his reign and the man himself has become a controversial historical subject." The Phillipines named themselves after Philip. read more
The "enemy" countries were gaining money and Spain was slowly spiraling downward. Debt was quicky piling up for the country becase of wars and borrowed money. Philip often asked to borrow money from Germany and Italy to fund these wars. In the end, the king declared the Spanish state bankrupt a total of three times. read more