European Central Bank President Mario Draghi's plan to save the euro is about to have a test run. Spanish Prime Minister Mariano Rajoy appears ready to accept Draghi's offer of a deal in which the bank would buy up Spanish debt in exchange for austerity and economic reforms. It's becoming clear, though, that Europe's fourth-largest economy is in worse shape than people previously thought -- and ECB bond buying won't fix it. On Oct 2, Madrid reported that unemployment rose in September for a second month, to 24.6 percent, despite earlier government assurances that joblessness had peaked. Rajoy said at an Oct 2 press conference that a bailout was not imminent. But his government approved a budget on Sep 27 that closely tracks the austerity and structural reform measures its European neighbors have demanded.