The Spanish government has announced proposals to guarantee bank savings up to a €100,000 limit, a figure which is double the amount agreed by the 27 EU member states.
Prime Minister José Luis Rodríguez Zapatero also announced the setting up of a €30 billion fund, extendable to €50 billion, to support the financial system in Spain.
Ireland, Poland, Germany and Greece have gone even further, guaranteeing 100% of savings.