However, Germany has effectively blocked the plans to a direct bailout of the Spanish banking system. As a result, the EU?s ?100bn (?78bn) bank package will be a loan to the Spanish state.
This has unsettled markets and last week raised fears that Spain itself would been a bailout pushed Spanish borrowing cost to fresh euro-era highs of near 8pc.
Although comments from Mario Draghi, the ECB President, Germany and France to they are do everything to maintain the euro did calm fears on Friday, worries still remain with September regarded as a "crunch time" for the euro.
In September a top German court rules on the new eurozone rescue fund, the anti-bailout Dutch vote in elections, Greece tries to renegotiate its financial lifeline, and decisions need to be made on whether taxpayers suffer huge losses on state loans to Athens.
Earlier on Sunday, Wolfgang Sch?uble, the German finance chief, said no further concessions can be made to Greece as he prepared to meet US Treasury Secretary on the German island of Sylt. The two will discuss the "US, European and global economies".
Mr Sch?uble told Germany's Welt am Sonntag newspaper on Sunday that the current bailout plan for Greece was already "very accommodating", adding: "I cannot see that there is any room left for further concessions. The problem did not arise because the programme had faults, but rather because Greece did not implement it fully enough."
He said it was not helpful now to speculate about giving Greece more time or more money.
"It is not a question of generosity. The question is rather, is there plausible way for Greece to manage this."
He also ruled out a further debt writedown for Greece, saying it would "only destroy trust".
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