Germany seems to have made an impression on Spain, the Euro Zone’s fourth largest economy. New budget controls have been slapped on the regions of the Iberian peninsula to make sure that the country meets is budget deficit targets. The regions control one-third of the spending in the country, so the central government can do nothing without their cooperation. Germany has imposed penalties for non-compliance, i.e. countries that don’t meet their targets. The fines are automatic for all states in the European Union. This is Germany’s latest attempt at expanding their system to the rest of Europe. But it could be too little, too late.