1. Various exteriors of a branch of the Bankia bank
FILE: Madrid, 18 May 2012
2. Various exteriors of Santander bank
3. Wide of people walking next to banks along street
Madrid, 8 June 2012
4. Wide of Deputy Prime Minister Soraya Saenz de Santamaria entering news conference room
5. Santamaria, media taking pictures
6. Wide of news conference room
7. SOUNDBITE (Spanish) Soraya Saenz de Santamaria, Deputy Prime Minister:
"The Government has to respect the procedures before dealing with any decision about figures. That's why, as soon as we know approximately the amount our finance system might need, the Government will take a position about it. So far there are no decisions made until we know how the process is going and until we know the figures that the different evaluators, including the institutional ones, will give us".
8. Cutaway of media
9. SOUNDBITE (Spanish), Soraya Saenz de Santamaria, Deputy Prime Minister:
"The position of the Spanish government is that we all have to assume a very strong compromise in order to strengthen the European institutions and the future of the Euro. That includes a higher fiscal unity, a bank union, which is being discussed in a large number of states, the need to promote measures for a bigger and better supervision, or formulas such as building a deposit guarantee fund - in which Spain was a pioneer - and the need to work in our market, in the unity of our market, to make our common market more common and more open".
10. Wide of Madrid stock market
11. Wide of screens with indexes and companies value figures
12. Close up of ticker
13. Close up of Spanish sovereign debt rate
14. SOUNDBITE (Spanish) Rafael Pampillon, economist at IE Business School:
"If instead of rescuing only the banks all the Spanish economy has to be rescued the consequence would be that the troika - formed by the European Central Bank, the International Monetary Found and the European Commission - would be managing the Spanish economy, they would make the economic politics. It would obviously mean reducing pensions, reducing public worker salaries and probably a bigger labour reform, but they would give us money. The rescue wouldn't mean only to be intervened. They would also refinance all our debt with a much lower interest than the one we are financing ourselves with in the international markets. To be rescued would not be a catastrophe".
Spain said on Friday it could decide this month on whether to request a bailout for its troubled banking sector.
Deputy Prime Minister Soraya Saenz de Santamaria said the government will not act until receiving evaluations from the International Monetary Fund on Monday and then two independent auditors Spain has hired.
The economy ministry said on its website the latter are expected by June 21 at the latest.
The official said after a Cabinet meeting no decision on a bailout has been taken.
Commenting on reports that eurozone finance ministers will hold a conference call on Saturday on Spain, Saenz de Santamaria said that no meeting was planned but would not confirm or deny whether some kind of contact would take place.
German Chancellor Angela Merkel meanwhile said Spain hasn't yet sought outside help to deal with the troubles of its banks and Berlin won't pressure it into doing so.
Merkel reiterated that all necessary institutions are ready if a country decides to seek assistance.
Economist Rafael Pampillon said that a bailout of the Spanish economy beyond its banking sector wouldn't necessarily spell disaster for the country.
"The rescue wouldn't mean only to be intervened," Pampillon said. "They would also refinance all our debt with a much lower interest than the one we are financing ourselves with in the international markets. To be rescued would not be a catastrophe," he added.