On Dec. 4 the head of FEMA, Craig Fugate, told the House Transportation Committee that his agency had enough cash on hand to disburse aid until spring.
It is likely but not guaranteed that Spain will need an aid package by spring 2013 and will ask the ECB to buy its bonds, but this would not necessarily signal the end of the euro, either.
To its south, officials say, Europe has leveraged its domestic buying power, trade policy and aid to offer help to post-Arab Spring countries like Tunisia, Jordan and Egypt.