Mr Geithner did say that he was confident that the Europeans would be beefing up their emergency bailout facility, the European Financial Stability Facility, to give it more firepower to respond to crises and, for example, provide additional capital to banks.

BBC: The global economy and the Hollow Men

On the other hand, funding the rescue from the temporary fund -- the European Financial Stability Facility -- could give difficult eurozone members like Finland a chance to ask for collateral from Spain.

CNN: First relief in Spain...then reflection