It comes as Catalonia, the second most populous region, warned that if it does not get rescue money by the end of the month, it will be in serious trouble and must seek a bridging loan.
The Spanish government has yet to make available the €18bn rescue fund to provide liquidity to regional governments that cannot fund themselves. The regions account for 40% of Spanish public spending and the queue of those needing money urgently is getting longer.
Catalonia has asked for €5bn from the rescue fund to cover debt-rollovers and deficit spending this year. Regional finance boss Andrea Mas-Colell has warned it may have to apply yet another round of spending cuts before the end of the year.
The Standard & Poor's credit rating agency downgraded Catalonia's debt to junk status at the weekend. The Catalan government claims it is being picked on, especially as S&P claimed its attempts to change its financing deal with Madrid would add to tensions.
Catalonia's nationalist government wants the region to become like the Basque country and gather taxes itself before sending Madrid its share, rather than the other way around, with central government collecting taxes and then sending Catalonia its part.
Meanwhile Spain's economy minister said on Monday the country's ailing banks will probably not need all the €100bn that has been made available by the country's euro partners.
Luis De Guindos also said that no additional austerity measures would be needed to meet the Spanish government's deficit-reduction target. However, De Guindos said Spain's most troubled bank, Bankia, will get urgent aid and the country's bailout fund, the FROB, said it was injecting €4.5bn into the ailing lender.
Spain's banks have an estimated €184bn in problematic real estate loans and investments following the collapse of the country's property market in 2008. The other 16 eurozone countries have set aside the rescue package to help troubled Spanish lenders.
"In principle, it looks like not all of (the €100bn) will be used," De Guindos told Onda Cero radio.
His comments came ahead of crisis meetings on Thursday when the German chancellor, Angela Merkel, is due to visit Madrid for talks with the Spanish prime minister, Mariano Rajoy, and an announcement is expected from the European Central Bank that it will resume buying distressed government bonds.
Euro crisis managers were briefing MEPs on Monday on resumption of bond buying and according to MEPs present, Mario Draghi, head of the ECB told the parliamentarians that he was planning to buy up three-year bonds – in line with previous statements that the bond-buying would be restricted to short maturity issues and rejecting objections from Germany's Bundesbank that the intervention violated the ECB's statutes as it was tantamount to financing of governments by the ECB. Draghi, according to the sources, said the purchase of three-year bonds did not amount to financing of states.
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