Global financial crisis in October 2008 rose by 11.18% within the day. Germany announced a €400 billion plan. On Monday the International Monetary Fund offered possible technical and financial aid to Hungary which has suffered during the crisis due to the flight of investors to euro, Swiss franc, and dollar denominated investments. As in the rest of the world, on Monday stock prices rose on the Hungarian exchange and pressure on the national currency, the forint eased. The forint has dropped 30% against the dollar since July. The prime minister of Spain, Jose Luis Rodriguez Zapatero, announced that Spain would provide up to €100 billion of
Cristina Garmendia innovation. On April 11, 2008 the president of the Spanish Government, Jose Luis Rodriguez Zapatero, elected Cristina Garmendia as holder of a new ministry, Minister of Science and Innovation, which was going to be created during the IX term of office. The Ministry of Science and Innovation for the first time drew together all the Government’s capacities and bodies to promote R&D, including Public Research Bodies, the Instituto de Salud Carlos III and the Centro para el Desarrollo Tecnológico Industrial (CDTI). The Ministry was created with the mandate to fully harness the economic potential the scientific capacity of the country