Relief on the markets at the Spanish government's bank bailout seems already to have faded. After a bouncy start, the FTSE 100 share index actually closed down.
And crucially the rate the Spanish government has to pay to borrow over ten years was back up where it was on Friday, well over 6%.
And focus also started to shift to the Italians, with the rate they have to pay to borrow back up over 6 percent for the first time since January. €100 billion doesn't buy you much these days.
But what is the actual problem with the bailout?
In the short term this has eased the urgent concern that some Spanish banks were on the point of collapse. Supplying more credit does put them on a more secure footing for now, crucially in the run-up and immediate aftermath of next weekend's Greek election.
But in very simple terms one analyst describes it like this: the Spanish government and the Spanish banks are just like two drunks at a bar.
They're propping each other up but sooner or later one of them has to fall over.
And more debt is perhaps just like more booze. It might make you feel better in the short term, but in the end you're more likely to topple, and you'll feel even worse in the morning.