Díaz supports CaixaBank’s proposal to freeze mortgages for 1 year

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The Second Vice President and Minister of Labor, Yolanda Diaz, consider “correct” the proposal made by “a financial entity that also has public participation”, alluding to CaixaBank“of freeze mortgages throughout this year“. Upon arrival at the celebration of the 60th Anniversary of Messengers of Peace, Díaz has assured that he is following the mortgage debate “with great interest and great concern”, since it supposes a situation of “high risk”. The Government and the financial sector are working to find a solution that, so far, has gone through extend the repayment term of loans by up to five yearsaccording to the proposal presented by the bank to help vulnerable customers to face the payment of their mortgages after the rise in interest rates.

“I think what is being considered is not sufficient. The bet I make is the one made by a financial entity that also has public participation. I think it’s not about helping the vulnerable, This crisis is about the vulnerable, but it is about the middle classes and, in this sense, the proposal made by one of the financial institutions to freeze mortgages for the entire Spanish population throughout this year is correct. I think the measure that is being worked on is not enough,” the minister said in this regard.

Concern about the rise in mortgage prices was also present at the meeting in which Díaz participated in Brussels this week, as she herself has commented this Friday to the media. The second vice-president has indicated that both the employers’ associations and the unions are alert to this situation that is “impoverishing families (…), but which is also increasing the financial costs of companies and industries”.

The proposal is to pit David against Goliath

Díaz has warned that “an enormous transfer of income from citizens is taking place through the interest rate hike for financial institutions“and he added that the proposed proposal assumes that a novation will take place again, which will force the client to sit down with his bank to renegotiate the conditions of his mortgage. “If there is an unequal relationship, it is the one between a financial institution and a client . It’s David against Goliath. Therefore, I believe that the measures are not enough, that the measures have to cover the majority of Spanish society, it goes from the middle classes. affects us equally“, he insisted.

Díaz has also stressed his opposition to the rate hike of the European Central Bank (ECB) and has shown his joy at the posture of the International Monetary Fund (IMF), which in its report ‘Global Financial Stability’ warned of the repercussions of the monetary policies of the central banks. The second vice president also recalled that “it is essential” to deploy taxes “against those who have the most” and has turned to a Bank of Spain report to underline that business margins in Spain have grown by 62%.

Díaz has also alluded to the politics of the PP ya your “serious mistake” when criticizing the Iberian exception, “praised by trade unions and employers throughout Europe”. “They must recognize what is good in our country. The Iberian exception is helping many families and many companies. Therefore, I believe that Mr. (Alberto Núñez)’s strategy feijoo and the PP is deeply wrongDiaz added.

Source: lainformacion.com

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