Finance ministers from the 17 countries that use the euro have approved the terms for a bailout loan for Spanish banks. The first 30 billion euros of up to 100 billion euros in loans will be disbursed this month.
The European Central Bank left interest rates unchanged for a 20th straight month.
Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.