Díaz sees the banking proposal insufficient to stop the rise in Euribor
The second vice president of the Government, Yolanda Díaz, considers that the proposals in which financial entities are working to alleviate the effects of the rise in Euribor on mortgages 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 is designed for vulnerable people and “this crisis is not only about vulnerable people, but about middle classes”. She has thus given the example of the difficulties that can entail for a family with a mortgage and income of 30,000 euros and children to face a situation like the current one.
The second vice president also recalled that an enormous transfer of income is taking place with the rise in mortgage loans and the rise in Euribor for financial institutions, while “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.
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