Finance ministers from the euro countries have unanimously approved the terms for a bailout loan for Spanish banks of up to 100 billion euro (£78 billion).
The agreement came as investor concerns on the stability of
Spain's economy, and that the government itself might need rescuing, sent the country's borrowing costs soaring and its stock prices plummeting.
In early afternoon trading, Spain's main IBEX index was down 3.6% while the interest rate on the country's 10-year bond - an indicator of investor confidence in a country's ability to manage its debt - was at 7.15 %...
