Brussels (AP) - from the 17 countries that use the euro finance ministers unanimous approval of the emergency assistance loan terms up to the Bank of Spain on Friday to ? 100 billion U.S. dollars (122.9 billion U.S. dollars).
The agreement on a stable investors worried about the economy of Spain, and the government itself may need to rescue, sending the country's borrowing costs soared, its stock price plummeted. Early afternoon trading, Spain's IBEX index fell 4.6 percent, while the 10-year bond interest rates in the country - in a country's ability to manage its debt as an indicator of investor confidence - to 7.2 %.
The signing of the document, the "Euro Group" teleconference meeting Friday of finance ministers, to the strict supervision of the banks receiving assistance. It also requires the Government of Spain this month plans to reduce its budget deficit to 3 percent of gross domestic product (GDP), 2014.
"Euro Group believes that this financial protocol attached to the reform will help to ensure the soundness and stability in all parts of the return of the Spanish banking sector, the finance ministers said in a statement.
Agreement will be signed in the coming days, the initial ? 3 billion (U.S. $ 369 million) this month issued. The need to support the Spanish bank's money in full will not know until after September, individual banks have been assessed.
"The purpose of this program is clear: Spain provide a healthy, effective norms and strict supervision of banks, and to foster sustainable economic growth," European Monetary Affairs Commissioner Olli Rehn said in a statement.
The same time, the person in charge of the IMF, Lagarde's welcomed the agreement.
"The implementation of these measures will help greatly to strengthen Spain's financial system, an important step to restore economic growth and prosperity in the country," she said in a statement.
Spanish banks saddled with huge losses from the deterioration of the real estate investment. Government can not afford to save their own, people worried that it may need a bailout.
The government last week through painful austerity measures - tax increases and cuts in benefits, wages and pensions - to reduce the national debt, and to strengthen confidence in its financial position.
Spaniards have been hit, the unemployment rate of about 25% of the mass protests held across the country on Thursday night.
Police said 15 people were arrested, 39 people were injured, after tens of thousands of people overnight in Madrid city center part of the demonstrations to protest the conservative government's latest austerity program.
December 22 demonstration in Madrid at night in 80 cities in Spain to protest austerity measures, the Government says is necessary, if Spain wants to avoid a bailout like Greece, Ireland and Portugal.


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