Balancing Issues:

[Slaists]

With the new changes Spain needs an overhaul!

Well, not really. Spain did grow weaker in this time period and it does not make much sense to hold on to those isolated provinces in Europe (Netherlands, Northern Italy, etc.). So, a player should be ready to do some sacrifices and consolidate early on as Spain.

On a different token, Spain is missing the whole South American theater (and revenue from it) in the game...