They are turning way too pro-EU at the Telegraph. The Daily Express makes more sense than they do, nowadays. Neither Spain nor Italy would make any so-called “pleas for aid” (i.e. loans) if their national governments (such as they are) weren’t populated by pro-EU politicians.
Maybe ‘pleas for aid’ is apt.
Everyone knows these loans would never be paid back in anything but a token fashion. The Spanish and Italians want Euros so they can sort out their immediate problems - and then default.
The only way Germany actually gains from more vendor-financing now is if she insists on Gold.