Under an agreement between the Spanish government and the country’s banking sector, which will be announced on Tuesday, homeowners at risk of financial insolvency can get mortgage relief.
The executive branch could announce the agreement as early as Monday and formally approve the measure on Tuesday during the regular weekly meeting of the Council of Ministers, Economy Minister Nadia Calvinho said at a press conference after meeting with European Commissioner Vice President Margrethe Vestager on Friday in Madrid.
Calvinho added that the Spanish executive and the banking sector are working “constructively” to reach an agreement “soon.”
While the emergency measure was originally intended to ease the financial plight of vulnerable working-class families, Spain’s left-wing executives last week reversed the scope and extended it, in some cases, to middle-class households with higher annual gross incomes. up to 25,200 euros.
Calvinho explained that various scenarios are being explored to allow mortgage holders to pay lower monthly installments in order to “flatten the interest rate curve” and mitigate the impact of the high Euribor.
Work is underway on two possible alternatives: extending the Banking Sector’s Code of Good Practice to help “more vulnerable” families, and signing a new protocol with specific measures for the middle class, Calvinho told Spanish public television channel RTVE.
As for the decisions the European Central Bank (ECB) may take in the coming months to fight inflation, Calvinho insisted that she hopes he “makes the right decision” although “it’s not an easy task” as he must “contain inflation without slowing it down. down the European economy”.
(Fernando Heller | EuroEFE.EURACTIV.es)
Today Latest News Update
I have tried to give all kinds of news to all of you. latest news today 2022 through this website and you will love all this news very much because all the news that we always report in this news is always there. This is a hot topic, and whatever the latest news
we have always tried to contact you so that you continue to receive Electricity News, Graduation News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Breaking News, Digital Marketing, Telecommunications News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency news, claims news latest news and you will always get news information through us for free and also tell people. Specify that any information relating to other types of news will be
News live today
All these news that I made and shared for you people, you will like it very much, and in them we continue to offer topics for you people, like every time, so that you continue to receive news information, such as popular topics, and you. Our goal is to be able to receive
all kinds of news without passing through us, so that we can bring you the latest and greatest news for free, so that you can move on, getting informed about this news with you. In the future, we will continue
give information about more world news update today Types of breaking news through the posts on our website so that you always get ahead in this news and whatever information is there, it will definitely be passed on to you people.
World news today
All this news that I brought you or will be the most different and best news that you people will not get anywhere, along with information Breaking News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News out of this, available to all of you, so that you are always in touch with the news, be ahead in this matter and continue to receive news today all types of news for free until today so you can get news while getting it. Always take two steps forward
Credit goes to a news site – This is the news website of the owner of the original content. This is not my content so if you want to read the original content you can follow the links below.