 Only with the death of Franco in 1975 did Spain return to the monarchy, this time headed by Juan Carlos I, and to democracy.With a fresh Constitution voted in 1978, Spain entered the European Economic Community in 1986 (transformed into the European Union with the Maastricht Treaty of 1992), and the Eurozone in 1999.The financial crisis of 2007–08 ended a decade of economic boom and Spain entered a recession and debt crisis and remains plagued by very high unemployment and a weak economy.