• Austerity is having the desired results
• Autonomous regions will also contribute to needed measures
• Markets should focus on Spain fundamentals
• No risk that Spain will need bailout
• Spain’s economy very different from Greece and Ireland
• Financial sector is solid, unlike Ireland’s
• Calls on opposition to show unity on economic measures
• Reiterates pension reform bill to be presented before March 31
• There are speculative attacks on the euro