f Spanish banks taken at the June meeting of eurozone leaders. Implementation of the proposed reforms is lagging; there may be legal challenges to the European Stability Mechanism in Germany; and the Netherlands and Finland seem to be backtracking on some parts of the agreement. Even in a worst-case scenario, some degree of

36%. • &nbs=; Finland continues to voice opposition to t=e way the ESM will be used. "A June 29 statement from the 17 euro-area lea=ers stripping the European Stability Mechanism of its preferred creditor status i= Spain was incomplete," Bloomberg reports Martti Salmi, a Finnish Fin=nce Ministry official, as saying. • &nbs=