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Calvino extends deadline for mortgage deal amid full increase in Euribor

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The historical figures of Euribor for this month of November suggest so The government accelerates its plans to close the deal with the bank Taking measures to alleviate the situation of unsecured mortgage borrowers. First vice president and Minister of Economic Affairs and Digital Transformation, Nadia CalvinoIn a press conference after the ministerial conference.

Calvino asserts that his department has daily meetings with banking associations. “I hope we can reach an agreement as soon as possible. We have given them this week to be able to close the deal. We want these measures to be adopted as soon as possible and implemented from January 1,” he said. To achieve this, sources close to the executive explained to Efe that it is important to agree on measures as soon as possible. , “with the intention of approving if possible this week In the cabinet next Tuesday” November 22.

However, the main difficulty continues to be determining what kind of choice households can make, and the Bank insists that they must have “temporary” solutions to address temporary problems. It is achieved due to increase in interest rate and inflation.

Likewise, it is indicated that, on the one hand, to expand and improve the functioning of the Code of Good Practices for debt refinancing, which already exists, and which is being targeted at households in two ways. “The Most Vulnerable” and, secondly, to establish additional protocols to support middle-class households at risk of vulnerability due to “rapid” increases in interest rates.

Agreements for unsecured mortgagees

As for the impact these measures could have on banks’ income statements, Calvino referred to “billions of euros in profits” announced by major banking groups in recent weeks. Calvino himself reiterated the same His statements on RNE last weekThe middle class is already included as one of the groups to be taken into account when the new protocol being negotiated between representatives of the economy and Spanish banks.

At the time, the first vice president called for the sector to “move forward” on measures proposed by then, such as extending the deadline. Contracted variable mortgages for up to five years by vulnerable households that have become more than 30% more expensive due to the increase in Euribor.

The first vice president last Thursday thought the initiative was “a good starting point,” but she called for more measures to be taken “Flatten the Interest Rate Curve”Such as reaching a “more affordable” quota for families or extending conditions without any increase in financial costs.

Source: lainformacion.com

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