Díaz responds to Calviño after the mortgage agreement with the bank: “It can be improved”
The Second Vice President and Minister of Labor and Social Economy, Yolanda Diazhas indicated that the agreement between the Government and the bank to alleviate the mortgage burden of more than a million vulnerable families or at risk of vulnerability due to the rise in the Euribor it is “substantially improvable”. Díaz has stressed that this measure It is “one small step”although he has pointed out that it is not the response that his group, Unidas Podemos, defends, as he told the media upon arrival at the Prosecutor’s Office to sign an agreement.
The Minister of Labor and Social Economy has indicated that this agreement will not serve to distribute “the burdens of the crisis” and has accused the financial institutions of a lack of commitment and sacrifice with the country. “Since the rise in the Euribor to this day, the estimated benefits of financial institutions for the increase in Euribor amounts to 8,000 million eurosErgo, financial institutions are benefiting like never before from the rise in interest rates,” he said.
Díaz responds to his own government
The agreement reached on Monday night between the Government, the bank employers (AEB, CECA and Unacc) and the Bank of Spain will act in three ways: improving the treatment of vulnerable families, opening a new framework of temporary action for families at risk of vulnerability due to the rise in interest rates and adopting improvements to facilitate early repayment of loans and the conversion of fixed-rate mortgages .
Diaz has recognized that any measure that improves the lives of Spanish families “is positive”, but has stressed that the rise in the Euribor continues to cause “the largest transfer of income from citizens to financial institutions.” “I have been pronouncing myself in a clear sense and it is that the question we have to ask ourselves is who benefits from this crisis”, pointed out the second vice president, for whom this measure only implies continuing to pay a “historic” interest rate in exchange for “an extension of the duration of the mortgage, with different durations.”
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