And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.

On 12 March 2000 the PP won again this time with an absolute majority. In his second term he had to fend off various charges of incompatibility between his public office and his private business interests. He represented the area until 1989 and subsequently represented Madrid from 1989-2000.

Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party (PP) he was also First Deputy Prime Minister from 2003 to 2004. He was president of Bankia between 3 December 2010 and 7 May 2012 until bankruptcy.