Rajoy said that the Spanish parliament would next week likely vote on the bailout package, worth 85 billion euros ($93.79 billion). His centre-right People's Party (PP), which has a majority in parliament, will be asking other parties to vote in favour of the deal, he said.

"The European Union is once again making a big bet," Rajoy told journalists at an event in northern Spain. "Let's hope that once and for all this bet will help things get back to normal." ($1 = 0.9063 euros)

(Reporting by Sarah White, Editing by Paul Day)