Posted by
tatarlak on Monday, February 23, 2009 4:05:22 AM
It is clear that Spain is already mired in the global economic crisis to contagious disease which affected our economy base, ie the average citizen, has also affected some foolish builders who thought the price of land and flats constructing these is to go up forever and that they had forgotten the most basic rules of the market and the eternal circulation of paper money always in the same direction in a capitalist society in which we live. The collapse of this sector on the other hand something that all financial analysts said would happen sooner or later but is a product of the crisis?, Or does the international crisis and the mismanagement of the banking collapse is the product of the sector construction in Spain, a case have we ceased to require the Spaniards floors?, the answer is no, we still need the Spaniards remained flat in my opinion best option to buy rent among other things because the rent is sunk, the ECB (European Central Bank) has lowered interest rates to stimulate the economy, but banks are still not lending money now its slogan is "The banks do a disservice to the economy if given credit irresponsibly, perhaps they are right or not but then we could also say, "It is an irresponsible act to open a credit line for financial institutions 30,000 million euros if they do not use this money for lending to small and medium enterprises and households."
However with the new slogan of banking it would be interesting was this irresponsible lending before the crisis to buy houses at prices exorbitados? At that time what he thought the bank and the gurus of the economy? Curiously, at that time anyone could go for a mortgage loan from the bank or buy products unfettered time, then a valuer, who will send you the bank, your house tasaba by the appropriate price for all accounts and may grant leave mortgage and is not I say that actors are not professional valuation is not, what happens, that before now if there was demand and banking recirculates money within society is clearly not, it is clear that as I said before is still the need to empower young people and therefore still the need for housing, but the bank is not money but this has special lines of credit from the state, leaving no money to small and medium enterprises and this obviously cause more unemployment, more unemployment, which translates into less consumption, less consumption, which translates into fewer jobs for lack of demand and then enter the circle opposite the economy and society will suffer bankruptcy and the capitalist system, then you should come to your rescue whatever.
Neither spoke of the factor benchmark, since it is clear that the mortgages used as the reference rate EURIBOR will be lowered to the extent that the ECB will lower interest rates but there are those who contracted with a mortgage indices, as for example in December 2008 the IRPH of savings banks was 6.08% or the contract on the banks of this IRPH andalusia 5.63% while the EURIBOR this was andalusia andalusia 3.45% and though the ECB has some control over the ups and downs of EURIBOR is not the same with the IRPH depending on the average three years of loans granted by these institutions, on the premise that today the banking and savings almost no money to anyone who signed a mortgage with these rates will slow as these rates have fallen and that will make the agony of the mortgage is slower and bleeding, while honest would say that once a cycle inverse of this rate will also slow, yet nobody talks about this problem.
And the complicated socio-economic future is taking shape for millions of families in Spain from this international crisis that has our banking sector and stop leaving money to break the construction sector engine of our economy for 15 years, now the floors are not buy or sell and those sold decreased in value because demand is captive by the lack of productive employment which does not grant mortgages and the worst part is that while this happens and people are left unemployed with no capacity to buy goods consumer at the bottom is the way to generate employment in a capitalist society like this in which we live tell us that things can go worse. Now they have forgotten that takes decades constantly bombarded to buy and do spend that money circulates, and now tell us that we must be contained in the austere spending, we have to save money and save it in the bank for the same as no risk to lend money and that this attitude aggravates the situation of millions of families in Spain at the end of the year can say they have benefits, can tell they have done things right, that I have done so well because "The bank would do a disservice to the economy if given credit irresponsibly." While the working class decomposes slowly attacked by employers not happy with the request for dismissal cheaper calls over the ERES that do not require the approval of the administration, attacked by the bank not to lend money to small and medium businesses money they need to pursue projects that create jobs and stability and ultimately create a society of helpless unless we can restore the situation if we do not give a consistent solution to the civil society, and we must begin to provide solutions to citizens in short we must move back the money in a responsible manner, we need to inject these 30,000 million to launch the economy.
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