Spain braces itself for a crisis made in Germany

Does the good intentions of neighbours eventually lead to a dependency that doesnt endure over the long term. With cycle after cycle the eventual pain comes home. Where is home for those big and small, at the centre or at the periphery, in the anglosaxon or latin tradition!?
FT.com / Comment / Opinion - Spain braces itself for a crisis made in Germany
Is it politics, or economics of societorial I wonder?

The mention of P.I.G.S over a year ago has loomed large in blogs and twitter, mine included. Contagion beyond Portugal, Ireland, Greece and Spain, seems, as Ive posted before its Italy next:
FT.com / Markets - Debt contagion fears weigh on investor sentiment

This little PIGGY went to market, this little piggy stayed at home, this little piggy went we we we all the way home!