Spain has formally requested a bailout loan for its banking sector from its eurozone partners.
The loan is for up to 100bn euros ($125bn; £80bn).
No specific figures were given for the emergency loans, although independent audits last week said that the banks would need up to 62bn euros to stabilise themselves.
But Spain's economy ministry said that the audits, and a report from the IMF, should be a starting point.
The request was made in a letter from Spain's economy minister Luis De Guindos to Eurogroup chairman Jean-Claude Juncker.
The letter said that Spain planned to sign a memorandum of understanding for the package by 9 July, which would include details such as exactly how much would be borrowed.
It said the amount would be enough to cover all the needs of its banks and an additional security buffer.
Spain's banks have been struggling with bad loans following the collapse of its property market.
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