The fear that Germany would dominate Europe after it reunification is an old story... They are footing the bulk of the bailout bill so with that comes the ability to set some terms...The other countries should not have let themselves become beholden to Germany... If I were in Germany's place I would expect to set some conditions also... The other countries can always refuse the bailout and tell Germany "NO THANKS"
That is not going to happen, because countries such as Greece, Spain, Ireland, Portugal, Italy etc... don't want to default so they will continue to do what Germany wants. The Euro currency was a trap for those countries, because there was no way they could have a stable economy by tying their weaker economies to a currency dominated by the behemoth known as Germany.
The 4th Reich is appears to be arising.