The rise in borrowing rates puts the Spaniards in historical limits

And while the Euribor is located above the 3.6% since July 2006.

I read with surprise that ADICAE requires the government to avoid bankruptcy of families:

"Members of the Association of Banks and Insurance Funds (ADICAE) requires the Government to undertake an immediate active legal regulation and consumer education to provide possible scenarios over and can correct them. Given the high level of debt of Spanish families, who have committed more than 100% of gross income available, according to the Bank of Spain, the upward trend of interest rates and that 56% of households recognize problems reaching the end of the month, thousands families might compromise their economic situation and falling into a "bankruptcy".

The Consumers' Association urges the implementation of the Law on issue of household announced by the Minister for Health and Consumer Affairs, Elena Salgado, during his first appearance at the Congress of Deputies in May 2004 and in compliance with the program PSOE government. "

And I wonder.

Who is to blame? By the Spaniards did sobreendeudarnos? Governments did leave? Does the media to promote?

Written by Carlos Lopez on August 4, 2006 with 7 comments
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