Mr. Mariano Rajoy, Prime Minister of Spain, in a speech. Economical situation.

SPAIN: ECONOMICAL SITUATION

At the end of 2011, the spanish economical situation was very problematic. The risk premium was around 600 points ( The risk premium is the extra return above the risk-free rate that an investor needs in order to be compensated for the risk of a certain investment). Now the risk premium of Spain is about 70 points.