So it appears that Spain has got at least part of its way - a bailout, of an unspecified figure up to 100 billion euros, of cash from the rest of the EU.
But a bailout purely for its banks, channelled through a specific Spanish government fund, the implausibly named FROB.
And a bailout without a long list of conditions attached.
It seems it will be in the form of a loan from the European Financial Stability Fund which the Spanish government are claiming will be on 'very favourable terms.'
They are also claiming it is not a rescue. True, they seem to have escaped the kinds of harsh conditions attached to previous bailouts.
But pretending somehow that Spain is choosing this course of action seems rather far-fetched.
And it is unclear so far what kind of conditions might be imposed on the Spanish banks themselves.
You can read the full Eurogroup statement here.
George Osborne criticises Spanish bailout
