Empirical studies investigating political parallelism in news coverage mostly look at the frequency and evaluation of party actors, though political parallelism is not only tied to parties but also to broader political ideologies. By contrast, this study examines country differences in political parallelism focusing on the alignment of media’s issue interpretations with political ideologies. Based on a content analysis of 7256 statements in 961 articles about the Euro crisis in German and Spanish online newspapers, issue frames were identified in a data-driven approach before examining how the argumentative structure of these frames referred to ideologies. Results show that ideology-guided framing is present in nearly half of all articles. But Spanish media more often used frames corresponding to their political alignment than their German counterparts indicating stronger political parallelism in the Mediterranean Model. Thus, the results support the revision of the Hallin/Mancini Model of media systems proposed by Brüggemann et al.