-It's wake-up call, saying, not only for the next two years but for the next five and ten years. It is going to be historic. It is gonna immediately occur. It is gonna be desirable. So let's do something about it, OK? Let's get those measures, those structural measures in place so that we can improve outlook so that we can have a better story and we have a better narrative, better positions that are going forward.

-They finally talked the decisions on Greece. Decisions that you knew they were always going to have to take, which was the cut, the debt burden. The only question is what took them so long.

-Well, this has not been for the last few months. We've been pushing for these for the last three years, Then you eventually atop for the first time last year that was not enough. And of course now because of law roads overall, you are having a Greece struggle so. But what's more important is you took integrate of you. You are asking efforts from the Greeks. Yes, but you’re giving a little bit more time in order to get their goals. And you’re giving lower interest rates, longer periods to repay the public debts and you have decided to go in by bank the private debt at a bigger discount. It’s time it’s uninteresting but. You’ve also giving them back the profits from the Central Bank.

-I'm just posing you that because if they are dealing with Greece, it's time to deal with Spain.

-No way. Absolutely nothing to do. Here's two different things. Spain has done its homework. Spain has much half the debt of Greece, OK, in terms of GDP. And Spain has five years of surpluses in their budgets before the crisis struck. So what Spain needs is unequivocal message from the Europeans and IMF to the market saying. If Spain decided to request support, because they've done their homework, because they are performing, because they are viable economy, then they will be supported. And that request will be enough to detonate the ECB to go and buy their bonds in secondary market if need to be.