• Recent data ‘goes in the right direction’
  • Any slippage in 2013 will be ‘correctable’
  • Targets are ‘fundamental’ for confidence
  • Spanish banks will participate in the bad bank ‘ without doubt’
  • Spain lacks data on mortgage evictions, need to improve data on foreclosures
  • Can afford to take steps to avoid ‘dramatic’ foreclosures
  • 2013 Pension spending must e closely watched
  • Care has to be taken with any changes in mortgage laws

Bloomberg reporting