conference. had just been in the press conference. the finance, commerce moniinist said spain is asking the european union for financial help. calling it a loan. not using the word bailout. specifically used a fwhord spanish that means bailout. he said this is not a bailout. below market value coming into an official government organization in spain and be directed only at the banking sectors. he s trying to show this is a very limited operation but an unprecedented operation for spain calling on its european allies to provide some help to its very troubled banking sector. fredricka? so, al works it lead to deep austerity measure, similar to what we saw in countries like greece? reporter: there already have been deep austerity measures. what he hasn t given is the actual figure. there s been an estimate from the international monetary fund of at least $60 billion u.s. dollars is needed and another part of europe here at about this hour we re supposed to see some numbers p