i believe mr. rajoyort of hoping the socialist would adhere to this agreement of principals because it was pretty similar to the one that the socialists achieved wibefore th second election, but seems the deadlock remains. >> daunielle, how can it be in country that doesn't have a government for eighth months seeing government bonds rally so hard. this should be reflected in the bonds. i mean, if we take a look at the ten-year spanish paper, that's rallied 6.6% this year. it outperformed italy which is unusual. >> i think there are two reasons. the first is there are certainly a momentum in the spanish economy. tourism is absolutely at record levels. consumer spending is growing. unemployment is falling. the macro economic sort of tailwind continues to work. also, exports have grown to about 35% of gdp so the commercial deficit is falling rapidly. i think that's in that sense what you have is a macro positive relative to the rest of the european union. you mentioned italy. italy on the contrary has seen