Euro ministers agree 100 billion euro ( US $ 36.9 billion ) bailout package for Spain 's banks . aimed at preventing Spain , eurozone 's fourth largest economy , from needing bailout itself . Madrid was also given an extra year to meet its steep budget deficit target . CNN 's Nina Dos Santos contributed to this report . Spain 's banks deal with bad debts mainly due to nation 's stock market crash .
Euro ministers agree 100 billion euro ( US $ 36.9 billion ) bailout package for Spain 's banks . aimed at preventing Spain , eurozone 's fourth largest economy , from needing bailout itself . Madrid was also given an extra year to meet its steep budget deficit target . Spain 's banks deal with bad debts mainly due to nation 's stock market crash .