Business Bites: Can Spain’s bailout save the eurozone?

Share markets in Asia and Europe have reacted positively to the agreement reached between the Spanish government and the EU on the rescue of its banks.

Over the weekend eurozone ministers agreed to lend Madrid up to 100 billion euros ($125bn; £80bn), making Spain the fourth eurozone economy to seek an international bailout.

There are many details yet to be worked out, such as the exact conditions attached and exactly which fund Europe will use to provide the financial aid.

But could Ireland and Greece now demand a renegotiation of the conditions of their own bailouts?

Jamie Roberston looks at the key financial story of the day.