Spanish crisis: German crowing

This blog has numerous posts in which Mr Rajoy has denied the need for a bailout.  Few believed him..

http://www.telegraph.co.uk/finance/financialcrisis/9449685/Spain-inches-closer-to-asking-for-bailout.html

http://www.spiegel.de/international/europe/return-to-absurdistan-a-spiegel-reporter-visits-crisis-plagued-spain-a-847513.html

Meanwhile hands being rubbed with glee in Germany.

http://www.spiegel.de/international/europe/german-press-reactions-to-draghi-plan-for-ecb-euro-crisis-involvement-a-848119.html