 I have been back to Ireland after 50 years. I was a student attending Trinity College in the 60s. And the first thing I feel is how much this country has changed. The same way that may happen to you if you go back after 20 years to Spain, you will see how the country has improved, has changed in a positive way. And I think this is the case of Ireland too. What I have been doing for the last three years is trying to improve and to promote the improvement of the image of Spain abroad. When I started my job, I was appointed by the prime minister to do this job, try to make some improvement in the image of Spain. The image of Spain at that time was suffering, suffering basically because of economic imbalances. And although the image is something broader than the economy, when we are in the middle of a crisis, the economy has such a big influence that the whole image of the country suffers. We had one of the strongest crises Spain had, only comparable to something in the 16th century, at the beginning of the 19th century during the Napoleon Wars, and even bigger than the big crisis of the 1920s, which Spain didn't suffer so much. In this case it was a terrible, a terrible drop of our economy, both in terms of GDP, a big deficit in our public accounts, almost everything was in trouble. And we were the next candidate after Greece, Portugal, Ireland, we were the next candidate for a bailout. And that was clear in all that was published in the summer of 2012 when I was appointed to the most fascinating job I had in my life. And I had some fascinating jobs before. I was the CEO of Iberia, an airline, and to be the CEO of an airline is a very fascinating job. I joined the company with my black hair and I came out after three years with white hair, so you can find the kind of challenge that is to run an airline. I was in other jobs, but this was really a very interesting one. So the first thing we had to do was to see how we could recover confidence, because in a process like that the first thing you lose is confidence. And when you don't have confidence it's very difficult to be present in the international markets, to get money from others, to attract investors to a country which requires capital. So that was the main target, how to get back to confidence. And the only way we found was trying to present the case of Spain through the last 40 years and say, how did Spain behave with some of the big challenges that had to encounter in the recent past? The first was to join EEC. So we joined in 1986 and many countries had many doubts about the possibility of Spain within the EEC bringing down all the tariffs, allowing products from all the most advanced countries in Europe to come to our market, which had been a very protected market for many years. And we were able, through work and effort, not only to be a reasonable partner within the EEC, the European Union at the time, but also to take a big advantage of joining the EEC in terms of opening our companies to foreign markets, to get funds from the European Union to do a very important investment in our infrastructure, to improve our roads, to improve our railroads, to improve our ports, our airports, and build up a very modern infrastructure that we have today with some help and support from these funds from Europe. So that was the first challenge for Spain, and we fulfilled it. The second one was to be part of the euro. To be part of the euro, as you may remember, the Treaty of Maastricht established a number of conditions that the country had to fulfill in order to be a member from the beginning of the euro. And we fulfilled that in a rather short period of time, and not only we fulfilled, but we were able to work with this new currency and also again to take advantage of that. We are a very pro-European country. We believe in the advantages of being a member of the European Union. And this is the public opinion in Spain, both in academia and by normal people, who at levels of 70% support integration in Europe and the evaluation they make of this almost 30 years so we have been a member. So we had a recent record of being confronted to challenges and being able to overcome them and be a member of those challenging clubs to which we wanted to belong. So that was the first idea, was to say we are going to do reforms, we are doing important reforms to bring to balance our public accounts, to increase our productivity in our industry, in our productive sectors and we will be making sure that this will be a plan accepted by European Union with a calendar and reaching the different targets on time. So after we start to do these reforms we started to see also with the support of Mr Draghi who had been very important in this process with the support of the European Central Bank saying that the Central Bank would fight for the euro and would defend all the members in that process. We started to see signs of recovery, signs of reducing the deficit, cutting the public spending, improving our public accounts and then the confidence was little by little coming back and we started to see some clear results of the acceptance of what Spain was doing. To give you an idea, we follow a number of metrics to see how the image of the country moves forward. One of them is an index that we make with the 3030 leading investment banks. The opinion of the 30 leading investment banks which are half of them are American, the other half is English, French, German, one Japanese and one Italian. Those banks, as you know, they make regular reports on countries and maybe 50 pages, 100 pages, but at the end in the front page they have on the top right of the report space for a world and the world could be one of those three, buy, hold or sell, meaning the recommendation of those banks to investors, investors who are the clients of the banks, companies, funds, individuals, and this world for us is what was the most important thing. By the end of 2012, out of those 30 reports from leading investment banks, we had 25 saying for Spain sell, so if you have an investment try to get rid of it, 4% were saying hold, wait and see what happens and one of them was saying buy, and one who was an exception. By last year's end, so in December 2014, published along the spring of this year, we had totally inverted that position and we had last results were 26 saying buy, two saying hold and two saying sell. So we completely changed this opinion, which is a key opinion when you go into international markets looking for finance or when you are looking for foreign investment coming to Spain. This has been, I haven't made the same exercise with Ireland but as you were saying, the parallel is quite impressive. Both in the years of prosperity in which you were called the Celtic Tiger and we were called the continental tiger, so it was possible to have two tigers at the zoo simultaneously in the continent, the island. And from those years in which we were subject of admiration by others to the grey years or black years that came from 2008 and to the reaction that both countries had made. I have to say that Ireland was first. First we were a little later because of political change and required to go into some of these measures and these reforms and as a consequence both countries coming out of that deep swimming pool quite fast. Discussion in the academic world was whether once we were down in the swimming pool we would be walking or we would be coming up and I think both countries have surprised most of international communities having a high speed way out. And this year 2015 as a reality that Ireland would be growing at levels of 4% in GDP and Spain would be with levels a little below between 3.3 and 3.6 by the end of the year. Coming very rapidly as a consequence of the reforms and both countries convinced that we still have reforms, pending reforms, things that we have to continue doing if we don't want to lose this momentum and this rhythm and we want to keep making our economies more competitive. This is something that I think we all have in mind that we have to ask in our case the new government coming out of the polls in two months and in Ireland a little later the new government to continue to do the right things. And I think it's very rewarding to read the reports that are made by public institutions like IMF or the European Union or OCD and the last one published was the third quarter report of the European Union in which they mentioned both countries, Ireland and Spain as a good example of how reforms produce good results and make a country to come out of the crisis in a rather quick rhythm and recommending other countries which are more lazy, which are not acting the same way to follow the example of Ireland or Spain. As you can imagine, my job of trying to sell Spain has become much more rewarding and much easier than three years ago. Three years ago I was talking to investors, to journalists, to people who create opinions and it was a fierce discussion which normally as one of them told me it could be true but you are in front of a red light and when you have a red light in traffic you have to stop there and you cannot move. One year later I was talking to the same person and he said well now you are in orange light. That means well you should be prudent but maybe you could cross if you look to the left or to the right and no one comes and you could cut. Then a few months ago in March I saw him again and said finally you have the green light so you are a country that we can recommend to our people, to our customers, to our investors. This is a little bit of the process we have followed and now of course we have a big challenge ahead of us is the general elections. What is going to happen in Spain in political terms and how the terming could be the new government to follow in the same path or have temptations to go into another direction. First thing I would like to say is that as normally happens two months ago is yet quite difficult to make a bet on what is going to happen. It's too difficult to be called as the Americans say. It's a little too far away although it's only two months but to find out what really happens. Second thing I would like to say is that in economic terms there would be little choice. There would be no room for other things that the kind of policy that we have committed with the European Union and that we have been following in the last three years. So there is not too much room for crazy ideas for coming back. It would not be, just would not be possible and I guess for Ireland would be exactly the same thing. We are, thanks God, we are more and more linked to other countries. We are more committed to international goals, to common goals and those goals have to be pursued and achieved independently if you have a government from the left a government to the right. I think the bad news for the politicians is that they have less and less room for interference. They have more and more commitments that they have to fulfill. And so there is not as much room as it used to be maybe 20 years ago for doing things in the wrong or in the right direction. There is a narrow avenue through which you can move a little bit to the left or to the right but this path is something you cannot go in the wrong direction. Although some people, some citizens feel that this could be the case, that could be the risk that someone from a radical position could modify. Unfortunately, on the contrary, very fortunately the room for those is limited. What do you expect or what could happen in Spain? In Spain it is going to happen something that is different from what has been the case in political terms for the last 35 years. During that period after the death of Franco and the arrival of the monarchy and democracy we have been governed during all those years by a party, a dominant party which was one of the two options one the socialist party and the other one the popular party which is the center right being the socialist center left party. So most of the Spaniards have been voting center center right or center left through that period of time. And in some cases the winning party was able to have a majority in parliament and needed no alliances like today. Today we have a government who has had the majority in parliament so has been governing by themselves. In the past it happened with the socialist and now for the first time there is a common conviction that no one of the two big parties would have a majority comfortable enough to be governing with support from the parliament so they would have to get into some kind of alliance. And the alliance could be one between the two big parties make a gross coalition like in the German modern this is something that we never had in Spain we never tried that alternative of a big coalition of the two big parties and otherwise would be a coalition of one of the two big parties with two emerging parties two emerging parties that have appeared in the political scene very recently they don't have one of them is only a year and a half old which is Podemos which is a radical leftist party and the other one who has been only in Catalonia for a number of years defending Catalonia as part of Spain and now has spread all over the Spanish geography but only a year ago so it's also very recent but it's getting a lot of votes both from the popular party from the socialist and becoming more and more a player in political Spain so we have the two old big parties and these two modern parties that have built the popularity criticizing the big parties and making them look responsible for corruptions and other scandals in economic life how big these two parties could be after the vote we don't know most of people estimate that while the two big parties would have over 100 seats in the parliament the parliament has 350 seats so you need a majority of 176 to govern the two big parties will get something between 100 and 130 each the two new parties will get something between 30 and 50 seats each of them so all kind of combinations are possible and as I said today is too early to explain what could happen my wish my wish and also my opinion because I'm optimistic and sometimes I have the tendency to think that what I wish is what will happen it doesn't happen very often that sometimes happens my wish would be a coalition of the two big parties a coalition between the centre right and the centre left to be able to agree on some basic issues that the country has to deal with one of them is the Catalonia issue but others are these reinforcements of reforms that have to be made in different aspects and some of these as big national issues require the consensus of the two big parties that would be one possibility it's not what the analyst thinks that will happen very much is considered that the antagonism between the two big parties has gone so far that it's almost impossible to put them together but I think would be the best thing for Spain and in terms of the image the area I take care of I think that would reinforce the image of Spain putting together the big parties and trying to keep doing the reforms and things which are still needed and that's why I would like something like that but I don't think at this moment what most of the analysts think so this is a personal opinion and you should take like this in any case I want to thank you for being here and I'm willing to comment with you and to learn also from the Irish experience and if you agree we can move into a dialogue Thank you very much