Tantalising glimpses that Spain might be ready to jump through well-positioned hoop

This, for Draghi’s (and everyone else’s) eyes only, from Tuesday’s FT:

A senior official within the Spanish ministry of economy said Spain did not require any money from the European Stability Mechanism, the eurozone’s state rescue fund, but would be comfortable making a request for a credit line only in order to satisfy the conditions of the ECB to begin buying bonds.