Díaz sees the banking proposal insufficient to stop the rise in Euribor


The second vice-president of the Government, Yolanda Díaz, considers that the proposals that financial institutions are currently working on to alleviate the effects of the rise in Euribor on the mortgages of the most vulnerable families are “insufficient”. During his speech at a conference on the labor reform organized by the Association of Economic Information Journalists (APIE), Díaz stressed that the proposal currently handled by the sector is designed for vulnerable people and “this crisis is not only about people vulnerable, if not middle class. She has thus given as an example the difficulties that can entail for a family with a mortgage and children whose income is around 30,000 euros to face a situation like the current one.

Currently, the main banking employers are negotiating with the Ministry of Economy a series of measures aimed at alleviating the burden that the increase in the mortgage payment that has brought with it the change in the monetary policy of the Central Bank supposes for households in a more delicate situation. European. Among other initiatives, it is being studied to apply new grace periods where the payment of installments is postponed, extend the terms of mortgages, facilitate the application of fixed rates during certain periods or apply specific debt relief. According to the data handled by the issuer itself, more than 15% of mortgage loans in Spain would be sensitive to the rise in interest rates.

The second vice president has recalled that at the present time there is an enormous transfer of income with the rise in mortgage loans and the rise in Euribor to financial institutions, at the same time that “the population is being brutally impoverished”. In some cases, she has recalled, households are bearing an increase in the quota of 46%. “Inflation affects everyone”, she has settled, after regretting that it is being considered, as during the last financial crisis, that households negotiate a novation of their loans.

“The possibility of a client negotiating with a financial institution is extremely difficult. It is David against Goliath,” concluded Díaz, who did applaud CaixaBank’s proposal to freeze mortgages for a period of time. “It seduces me”, he has acknowledged, at a time when the impact of inflation is being very great and the benefits of financial entities are superlative.

Source: lainformacion.com

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