Europe has agreed to build an €800 billion firewall in the hope of containing the debt crisis and soothing nervous international money markets.
The firewall is the permanent mechanism to bail out troubled eurozone nations.
As Spain and Italy's finances have looked more precarious, investors have been worried about whether the eurozone's firewall could cope with more bailouts.
The European Commission had argued at least €1 trillion is closer to what is needed, but it appears the German's determination for a minimalist bailout won the day.
Germany's finance minister, Wolfgang Schauble, says the important thing is not the size of the firewall, but that troubled eurozone countries undertake fundamental reforms.
A senior advisor at Credit Suisse, Bob Parker, says the action is a small step in the right direction.
