Stymied in his ambitions to get Protestants in England to attend Catholic services he assembled the Catholic kingdoms fronting the Mediterranean and sailed off to destroy the Turks ~ which he did. He didn't liberate the Balkans but the Turks were no longer able to keep Western Europeans from sailing into Eastern harbors.
Next thing you know he died in 1598 and his son, Philippe II/III came up with a brilliant solution to the American problem. That problem was it's impending depopulation to a point where no one could conduct any sort of trade in the region.
Philippe II/III proposed to the principle powers that North America be divided up among his relatives in Russia, France, Portugual, Spain and Scotland. A large but otherwise desolate region (we know it as the Eastern Seaboard) would be parceled out to Protestants.
This was all put into a document called the Treaty of London (1604). There's a lot of detail in it including how Protestants should behave in Catholic areas, and how Catholics should behave in Protestant areas.
Sounds trivial to us but in the 17th century this was incredibly advanced thinking.
With everybody in Europe behind the idea of developing North America, mass migrations began, agriculture resumed, the world was saved and the King of Spain retired to a gentleman's life of leisure and travel. He just didn't have the fire his father had, but then again, he wasn't his father's man.
Leaping ahead several centuries, the European powers dismantled the Ottoman Empire and its former claims and created several dozen new countries out of the former Islamic Caliphate.
The Jews returned to Israel ~ after nearly 2,000 years. The atom bomb was invented. Lots of stuff happened!
Would love to see a link to the text of the Treaty of London.