What i'd like to have is a mechanism that all commands i enter on a Bash-Terminal are wrapped by a Python-script. The Python-script executes the entered command, but it adds some additional magic (for example setting "dynamic" environment variables). 
Is that possible somehow? 
I'm running Ubuntu and Debian Squeezy.
Additional explanation:
I have a property-file which changes dynamically (some scripts do alter it at any time). I need the properties from that file as environment variables in all my shell scripts. Of course i could parse the property-file somehow from shell, but i prefer using an object-oriented style for that (especially for writing), as it can be done with Python (and ConfigObject). 
Therefore i want to wrap all my scripts with that Python script (without having to modify the scripts themselves) which handles these properties down to all Shell-scripts.
This is my current use case, but i can imagine that i'll find additional cases to which i can extend my wrapper later on.
There is no direct way you can do it .
But you can make a python script to emulate a bash terminal and you can use the beautiful "Subprocess" module in python to execute commnands the way you like
Wrap all commands entered within a Bash-Shell with a Python script