What Spain, and most of Europe, needs is some thorough spring cleaning in its bank sector, but I don't see any of that happening before 2014 as we still have to demolish national bank supervision and the nationalist tendencies that comes with that first. If they manage to at least let the ECB have the tools to instruct banks all over the zone or even close them down, that would be a good thing. I think banking licenses should be the remit of the ECB too.