if dbrs downgrades, ecb will not buy portuguese bonds. will stick his neck out and say i will buy portuguese arms. it is too dangerous -- portuguese bonds. it will be too dangerous. that is dangerous for a company facing slow growth. politics stabilizing a bit but that's a big deal. vonnie: let's put it into a little context. but it isis up 3.2% still much higher than the other peripheral countries right now. what happened? the government and portugal is gaining favor with the populace more and more. in countries like spain we don't really have a stable government. >> you are absolutely right. that is what is confusing about portugal. why isn't this is one of the worst performing? not just one of the worst performing in the euro area, but one of the worst performing bonds in the economy. the big thing is the rating. portugal is just one notch above this investment great rating. then it will be in speculative territory and will basically be a junk-bond. the fact that portuguese debt burden is big and the government has said we will meet ou