However, the spread is still almost double those of Spain and Portugal, at figures not consistent with the fundamentals of our economy, which must however be consolidated and upon which we must build (Figure 4).
The action taken by the European supervisory authorities has also aimed to support the economy with measures designed to prevent the rules on prudential treatment of loans from exacerbating the recession. The full use of capital and liquidity buffers has been permitted. It has been made clear that the moratoriums on loans must not have undue consequences for accounting and prudential classification.