The Spanish newspaper Al -Pais reported today, Tuesday, that the Spain government is trying to persuade banks to agree to help homeowners who suffer to fulfill their real estate loans with high interest rates.
The Bloomberg News Agency quoted the press report as saying that the government began last September talks with banks to discuss the possibility of giving troubled borrowers longer to pay their real estate loans without increasing the benefits due.
The talks continued for a longer time than expected to identify borrowers who deserve to benefit from the initiative.
It is noteworthy that the high real estate loan installments increase the pressure on Spanish families, which are already suffering with high inflation, which has reached semi -record levels in the fourth largest economy in the euro area.
It is noteworthy that more than 75% of real estate loans in Spain at a variable interest, which means an increase in its installments, with high interest rates, according to the central bank data.
Banks oppose the government’s calls to allow more families to join the procedures for reducing loan burdens, due to their fears of the high cost of allocations to cover the risk of loans with banks..
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