Rising rates, good for the economy
We do not comment much, "the other side of the Euribor" that a rise in rates can be beneficial for the economy (which is not mortgaged for many families).
Today you can read in "The World" article "Rising rates, good for the economy" in which he quoted the words of Joaquín Almunia:
"A gradual adjustment in the property sector could even have positive consequences for the Spanish economy because it would favor a shift in the composition of growth, so it is less based on domestic demand and that has a better mix between domestic demand and external demand '
On the other hand, the secretary of the Economy and Employment of the PSOE, Inmaculada Rodriguez-Pinero, believes that "a sharp rise in interest rates" would not result in a bad for Spain because "we have a high inflation differential with the European Union and this increase "can get a little bit so expansive growth in demand and help to reverse the inflation differential."
As such, we have too much debt in some historically low rates and that has overheated the economy. It is not ruled out a price adjustment in certain assets ...
Written by Carlos Lopez on July 21, 2006 with 20 points.









# 1, Jose Luis Montero
This gradual adjustment of the speakers of these gentlemen, is fully in line with the neoliberal ideology of Mrs Loyola de Palacios and Mr. Rato ... I wonder who will want to say for the salaries of the Spaniards. Does this mean that the AMILY will live better with a Euribor a 5 or 6% which will result ... .. A DEBT general of the globalized and Spanish families mortgaged, which will cause a brake or slowing consumption, which repecutirá in employment ... making it the richest, even richer and the rest plunge us into a disastrous chaos, thanks This policy "adjustments". And did you know where there was talk of adjustments in time to recognize as serious consequences of its policy to something similar? In 44 and 45 he was well known to those withdrawn from the army of Hitler by the Russian steppes, "settings of lines." Hopefully the chaos that was at that time did not see it with these settings. Ah, of course, if the rate of climb is still stable, you know me, either. Solbes perhaps in November of 2007 we have a Euribor of 4.77% and in January 2008 of 5%, bringing the monthly payments of mortgages that were made in Spain between 2002 and 2004 variable interest will enable families Spanish average salary will increase by 2? And you know what is in 2008? Elections. They are not going to vote or their parents .... For some time the next Suresnes? It is high time to remove the OS, especially for not insulting to the true socialist or workers who stayed in Spain.