mortgages suffer their biggest gain since July 2008
The mortgage, the weight that only those who suffer know what it means; curious now going to be the cause of an entire country remains ostracized.
Southern Europe, PIGS and direct attached to bankruptcy. Ireland, which replaced began in Italy in recent years, Greece and Portugal continued hovering between denial of the obvious and rescue debacle. The question is, can afford to fall Portugal Europe? And what more can you Spain stand firm in this case and prevent the peninsula DEPLOMA? seems that the English press pseudoacrónimo swaggering (as if there is another ...) associated with the Mediterranean countries could not be more appropriate, we share the same structural problems and now appear with just a few months delay between them.
Conceivably, Spain, as many politicians say, has sufficient financial and institutional bases to not have to worry about what comes next, is well, Let us place ourselves in that scenario. If all goes as now begin to recover in 2012 to be pregnant at all in 2014, these are the predictions of professionals dedicated exclusively to it ( CEPREDE , among others). Well. What did they say
predictions?
No one could know it would be a wave of social and political change in the Arab world, who would be able to guess that oil prices would soar and gasoline reached record highs. With that no one had.
Uploadoil, make him food (that is what has the machinery that you have to throw liquid and not enough water) and core inflation rates start to rebound again and again, and what is more important, for no clear as signs of growth. That is, that raises the bread but not because we are more wealthy English. Watch out for that. In fact, the IPC of our country is above the European average when growth is well below it. Trichet
reacts. The European Central Bank, an organization orthodox by definition is reminiscent of the oil crisis (1973) and knows the dangers of entering a loop of high prices and low activity, there is no easy exit, so I better not go.
There is a price control mechanism and is very simple to raise interest rates. Rates rise and companies are more difficult to engage in heavy investment. The money must be returned when you provide is far superior and this greatly affects the level of total investment. The mortgaged see both as the growing point and that makes them consume less. Consumption since fewer companies are not funded and where everything is getting worse, in short, the usual mechanism.
The initial road map that induced gradual increases (to be explained and are downplayed in this blog some time ago) and very very small Euribor has been disrupted by mild heating prices in Europe. This is probably not going to stop even minimally the smooth running of the countries of central and northern Europe, but Spain will affect insurance. For these special given the more difficult it does not happen a heavy toll. In a country that carries serious delinquency problems, the worst coscorron you can give is an average increase of 50 € monthly mortgage totaling 600 to the end of the year.
There are not many who see Spain make amends in the near future, but of course, what is clear is that these abnormal circumstances related to oil, the nuclear crisis and the resignation of Socrates did not help. They are a counterbalance.
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