The rise in rates puts the indebtedness of the Spaniards in historical limits

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

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

"The Users Association of Banks, Insurance and Boxes (ADICAE) requires the Government to undertake an immediate active legal regulation and consumer education to provide possible scenarios of debt overhang and can correct them. Given the high level of indebtedness Spanish families of those who have committed more than 100% of the Gross disposable income, according to the Bank of Spain, the upward trend of interest rates and that 56% of the families arriving to recognize problems this month, thousands families could be compromised its economic solvency and falling into a situation of "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 in Congress of Deputies in May 2004 and in compliance with the program government of the PSOE. "

And I wonder.

And whose fault is it? Do over-the Spaniards for? Do governments for letting? Is encouraged by the media?

(Unrated)

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Written by Carlos Lopez on Aug. 4, 2006 with 7 points.