Eurozone ministers back Spain bank bailout

But the exact size of the loan will probably only be disclosed in September, when Spain's government gets the results of an audit of its banks.
In return for the loan, Spain has to restructure, and improve the governance and regulation of its banking sector.
Fears about Spain's financial health have pushed its borrowing costs higher.
New data this week indicated that the Spanish banks own 155.84bn euros of loans that might not be repaid in full.
The bank rescue plan, together with new austerity measures by Madrid, is aimed at avoiding a full-scale bailout of the Spanish government.
The International Monetary Fund welcomed the finance ministers' decision to grant financial assistance, saying the measures would help to "significantly strengthen Spain's financial system, an essential step in restoring growth and prosperity in the country".