On December 19, President George W. Bush announced a $13.4 billion rescue loan for the American automakers, including Chrysler.

Further rescue loans change little without this liberating action.

It was already having trouble borrowing money needed to provide its rescue loans.

Investors see Mr Dombrovskis as the main guarantor of the rescue loans agreed.

Greece has been struggling to meet the conditions of the original €110bn rescue loan agreed with the EU and the International Monetary Fund last year.

The provision of up to €100bn of rescue loans from eurozone funds was agreed by eurozone finance ministers on 9 June 2012.

On 9 June 2012 Eurozone finance ministers agreed that Spanish banks would be provided with up to €100bn of rescue loans.

Greece has been surviving on international rescue loans since May 2010.

There's no denying that confidence has still been severely dented, despite the rescue loan.

"It would have been too ambitious to get the deal [on a second package of rescue loans] done by Sunday," said a eurozone official.