The Eurogroup supports Spain's efforts to restructure its financial sector and welcomes Spain's intention to request financial assistance from Eurozone members for this purpose. The assistance would be provided by the EFSF/ESM fund and would amount to €100 billion to cover estimated capital requirements in Spanish banks. Following a formal request, the European Commission will assess capital needs and propose necessary policy conditions for Spain's financial sector. The Eurogroup believes funds could be received and distributed by Spain's F.R.O.B. bank restructuring fund, while Spain retains full responsibility. The conditions will focus on reforms targeting Spain's financial sector and complying with EU state aid rules.