Spain has just won the European Championships in basketball by crushing Serbia in the final in Poland 83-65. The team was led by the NBA stars Pau Gasol and Rudy Fernandez, and was by far the best team in the tournament.
Last year, Spain won the Euro 2008, also in an overwhelming fashion, to become the kings of Europe in football.
Although you can add the fact that Spanish clubs also dominate the club scene in these sports, it is the national level, of these the two most popular sports in Europe (and the world), and in my (humble) opinion, that Spain is now the King of sports of Europe.
There seem to be yearly celebrations in Spain! Congratulations to the fans.