EFSF boss: 'Decisive' action needed on Spanish banks

The French finance minister has said today that the Eurozone's rescue fund - the European Financial Stability Facility (EFSF) - could be used to help Spain in the short term.

The chairman of the EFSF, Thomas Weiser, told The World At One's Martha Kearney that there needed to be "much more decisive action on banking and a cross- Eurozone approach to banking supervision and I think decisions on that should be in reach within this year."