Prime Minister Katainen said Monday that opposition criticism of the deal struck in Brussels is largely due to misinformation spread, for example, by the international media.

"The information war has been frenzied and they could have got the wrong idea," stated Katainen.

The Prime Minister went before Parliament's Grand Committee on Monday to brief member MPs. He told them that it will probably take a few weeks before a final decision on the Spanish rescue package is made.

According to the Prime Minister, direct support for banks will be possible only once a European banking supervisory organization is established. Until such a time, support will be channelled via states. Katainen does not expect that a supervisory organization will be set up for at least a year.

"In that case, it will be possible, if there is unanimous agreement, to capitalize banks directly. And in exchange, owners would lose their money and the European Financial Stability Facility would gain holdings in the banks," he explained.

Katainen did not directly pledge a report on the issue to Parliament. He did say, however, that the government's positions will be further clarified in accordance with requests by Parliament.