The agreement between the Ministry of Economy and the banking employers to freeze the mortgage payments of vulnerable families has little support in United We Can. The two souls of the formation, the one represented by Yolanda Díaz and Ione Belarra, have buried the ax of the civil war to attack a pact that will not be mandatory for financial institutions and that, moreover, they consider insufficient.

The first to speak was a spokesperson for United We Can in the Congress of Deputies, Pablo Echenique, has attacked this Tuesday against the last catalog of measures agreed between Moncloa and the bank. The pact, which is about to be closed due to the lack of a few details, “will hardly reduce the mortgage payment”, in the words of the parliamentarian. The agreement establishes a 12-month freeze on payments for households that do not exceed 3.5 times the IPREM (29,400 euros per year).

“It does not touch its obscene benefits. We are going to continue working to limit abusive increases for real,” the purple spokesman declared through his Twitter profile. The attack has been joined by the minister Ione Belarraon maternity leave, to announce that they will continue “proposing more ambitious and mandatory measures for banks”.

Another who has spoken throughout the morning is Vice President Yolanda Díaz. The also Minister of Labor and Social Economy has indicated that this agreement will not serve to distribute “the burdens of the crisis” and has accused financial institutions of a lack of commitment and sacrifice.

“From the rise in the Euribor to today, the estimated benefits of financial institutions due to the increase in the Euribor amounts to 8,000 million of euros, ergo, financial institutions are benefiting like never before from the rise in interest rates”, he specified.

[El Gobierno y la banca pactan medidas para aliviar la carga hipotecaria de hasta un millón de familias]

The vice president assured a few days ago that “this is not about light proposals with the bank […] The least important thing is what the banks tell us these days: that they want an agreement so that we widen our rope, that is, that we extend the number of years of our mortgage in exchange for their moderation.”

Housing, that old dilemma

“As far as housing is concerned, much remains to be done,” Belarra pointed out. One of the battles that has been stalled for the longest time between government partners is the Housing Law, specifically due to an amendment by United We Can to stop mortgages to which the PSOE does not want to cede.

The Housing Law was approved in the Council of Ministers almost a year ago, but it is still blocked in its processing due to the latest details requested by the purple ones: the ceiling on rents and prohibiting express evictions. A month ago they gave up changing the Sareb’s legal regimewhich was another of his demands.

The PSOE, say parliamentary sources, has already “gave enough” with the original text and will not accept the measures, which is why it continues to freeze the norm. At the time, the Socialists say, an overly ambitious Housing Law was already accepted, but the purples continued to press.

Thus, the PSOE has moved on its own and has agreed with the bank. Along with the mortgage moratorium, the two parties have also agreed to extend the Code of Good Practices of mortgage debtors most vulnerable which was already in force and which was supported by financial institutions and the Ministry of Economy in 2012.

In this way, vulnerable debtors will have the possibility of restructuring the mortgage loan with a lower interest rate during the 5-year principal grace period (Euribor minus 0.1% compared to the current Euribor plus 0.25%). United We Can want more.

Source: Elespanol

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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