Philip II of Spain By reemmiieee Feb 5, 1556 Philip II of Spain Signed treaty of Vaucelles Philip II of Spain and Henry II of France both signed the treaty of Vaucelles Dec 8, 1556 First stages of revolt in the Spanish Netherlands Aug 10, 1557 Philip II of Spain went bankrupt for the first time Apr 3, 1559 Philip II of Spain and Henry II of France signed the peace of Cateau-Cambresis This ended in a long series of war between Hapsburg and Valois dynasty Jan 8, 1560 Philip II of Spain went bankrupt a second time Sep 23, 1561 Philip II of Spain gave order to halt colonizing efforts in Florida. The French took advantage of this opputunity. Dec 8, 1568 Start of revolt in Moriscos.