Spotlight on Spain and Italy.

http://www.spiegel.de/international/europe/euro-crisis-series-spain-s-economic-arsonists-a-847121.html

http://www.spiegel.de/international/europe/southern-europe-plagued-by-corruption-and-political-mismanagement-a-847229.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100019218/temptations-of-a-peseta-default-in-spain/