The government has suggested weakly that it will seek more relief, in the form of lower interest rates on its €240 billion bailout loan and extended repayment terms.

Euro banks also have to find 357bn to repay bailout loans tomorrow.

Without new bailout loans, it will not be able to pay.

The largest banks have been able to raise capital and earnings sufficiently to repay their government bailout loans and have enough left over for generous bonuses.