I think Portugal is on the right track. Of course the risk premium remains high, because the risk is still high. But I think that this domestic adjustment must – to the extent possible – continue in a balanced way.
2  BIS central bankers’ speeches  Q – When we look at Europe – and we will have European elections in May – we can easily see that some political parties in Greece, Italy or even the UK or Germany and the Netherlands – not in Portugal, but... – there are anti-euro politicians who are doing well in the polls.