Focus Shifts to Greece After Spain Secures Bank Bailout PARIS - The focus in the euro crisis was shifting Monday back to crucial Greek elections, as markets greeted Spain's financial sector bailout with relief. Greeks head to the polls on Sunday for a vote that will help to determine if the country remain in the euro, and indeed if the euro can hold together. After a May 6 election left parties unable to form a government, new elections were called. Recent polls have showed the pro-bailout New Democracy party marginally ahead of the anti-bailout Syriza party, but even should New Democracy win, it still faces a formidable task in forming a coalition and actually governing a country with its economy in tatters and roiled by growing social strife. In Spain, banking shares led stocks higher after the government of Prime Minister Mariano Rajoy agreed with euro members Saturday on a 100 billion euro, or $126 billion, infusion of capital for the financial sector. In morning trading, the Madrid benchmark Ibex index rose 4.1 percent. The Euro Stoxx 50 index, a barometer of euro zone blue chips, rose 2.4 percent, while the FTSE 100 index in London rose 1.6 percent. Trading in equity index futures suggested Wall Street stocks would open with a bounce. The Standard & Poor's 500 index gained 0.8 percent on Friday. The euro gained to $1.2610 from $1.2517 late Friday. Spanish government debt rallied. The yield on the 10-year bond fell 19 basis points to 5.98 percent, back down below the 6 percent level seen as signaling major market stress. A key consideration in the bailout is how investors will judge the Spanish government's solvency if it is required to add 100 billion euros of debt guarantees to its already strapped finances. Another open question is whether the funds will come from the European Stability Mechanism, the permanent bailout fund that is supposed to come on line in July, or the European Financial Stability Facility, the existing bailout fund. The Spanish Economy Ministry said Monday in a statement that the aid "will not only not undermine the present conditions of the current stock of Spanish public debt: it will also reinforce its overall solvency." The government maintains that it will be able to continue regularly auctioning debt to manage its accounts. Mr. Rajoy has sought to characterize the funds - for which details are not yet final - as simply a line of credit, rather than the type of bailout that Ireland, Portugal and Greece have received. Joaquín Almunia, the European competition commissioner, told Cadena Ser radio on Monday that the International Monetary Fund, the Eurogroup and the European Central Bank in managing the rescue process - the so-called troika that has managed the other bailouts. And Wolfgang Schäuble, the German finance minister, said there would be "just such a troika and it will monitor in exactly the same way that the program is complied with, but it is limited to the restructuring of the banking sector." Spain, he added, "doesn't need" the macroeconomic supervision Portugal, Ireland and Greece required; but "the restructuring of the Spanish banking sector has to be negotiated in detail and will be supervised in the same way that they abide by it." In another development with important implications for euro zone policy, the first round of French parliamentary elections showed President François Hollande very likely to emerge from run-offs next weekend with either an absolute majority or a strong coalition. Though he backs the European Union fiscal targets that have led to austerity budgets across the Continent, Mr. Hollande has called for a relaxed timetable for meeting the goals. Nick Kulish contributed from Berlin and Raphael Minder from Madrid.