Reports this morning say Spain is looking for a partial bailout from its European partners to meet its immediate financing needs.
That is on top of the €100 billion bank rescue deal which was signed off on last Friday.
El Economista said the government wants a line of credit to cover €28 billion in debt maturing in October.
The publication says sources close to the Spanish government have admitted they are considering the negotiation of an overall rescue.
It adds that any such money would serve to dampen fears.
Spanish borrowing costs have soared above 7% in recent days making attempts to raise the money on the financial markets too expensive.
El Economista says the authorities are seeking to avoid an imminent financial collapse and a full bailout would be too costly.
