1. Wide of a flower shop in Tirso de Molina Square
2. Close of flowers for sale
3. SOUNDBITE (Spanish) Maria Rojas, Flower shop owner:
"Our sales have fallen because there are a lot of unemployed people and it's not like other years when we have earned enough. I think that now people don't spend money on flowers."
4. Wide shot of Tirso de Molina metro station
5. Mid of Tirso de Molina Square
6. SOUNDBITE (Spanish) Pedro Gomez, Madrid resident:
"We have been mismanaging things for 30 years without controls. We spent more than we have, and because of this we have this bad situation."
7. Mid of Tirso de Molina Square
8. Wide of a bar in Tirso de Molina square
9. SOUNDBITE. (Spanish) Jesus de Lucas, Madrid resident:
"If the EU conditions of the bailout are reasonable and we can create jobs, as long as the interest is not too high, we will be able to grow. But if they are going to drown us we won't be able to grow."
Spain could decide within days or weeks to ask for a bailout for its troubled banking sector, a step that would make it the fourth country in the 17-member eurozone to seek help since the EU debt crisis broke out.
Deputy Prime Minister Soraya Saenz de Santamaria said the government would not act until it receives a raft of reports on how much money Spain needs to save its banks from collapsing under the weight of soured real estate investments.
An International Monetary Fund report was released late Friday, and two independent auditor surveys were due by June 21. Saenz de Santamaria said no decision on a bailout had been made at Friday's Cabinet meeting.
Estimates of the cost of bailing out Spain's banks vary greatly, from 40 billion euros (49.87 (b) billion dollars) to as much as 100 billon euros (124.67 (b) billion dollars).
The International Monetary Fund said it estimated that Spanish banks need at least a 40 billion euros (49.87 (b) billion dollars) capital injection following a stress test it performed on the country's financial sector.
Seventeen eurozone finance ministers are expected to hold a conference call about Spain on Saturday.
On the streets of the capital Madrid, many were pessimistic about the future.
"We have been mismanaging things for 30 years without controls," said Madrid resident Pedro Gomez. "We spent more than we have, and because of this we have this bad situation."
The Spanish government appears to have resigned itself to the fact that it needs a bailout with money pumped in from Europe to prop up its struggling banks, and can't handle the job on its own.
Prime Minister Mariano Rajoy has moved on from firmly stating that "there will be no rescue of the Spanish banking sector" 10 days ago to avoiding ruling out seeking external help for the banking sector of the eurozone's fourth largest economy.
"If the EU conditions of the bailout are reasonable and we can create jobs, as long as the interest is not too high, we will be able to grow," Madrid resident Jesus de Lucas said. "But if they are going to drown us we won't be able to grow."
Spain has been criticised for being too slow to set out a roadmap to resolve its problem.
European business leaders and analysts have stressed that Spain must find a solution quickly so that it is not caught up in any market turmoil sparked by the Greek elections on June 17.
But others said it's more important for Spain to correctly assess how to shore up its banking system than it is to hurry into a bailout ahead of the Greek elections.