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

0

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

*The article has been translated based on the content of lainformacion.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

For all the latest news click here

Denial of responsibility! HOS is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at amritpaljha@gmail.com The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.