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Debate: Spain: financial institution deal in opposition to foreclosures

El Periódico de Catalunya reminds readers of the traumas of the 2008 disaster:

“Tens of 1000’s misplaced their houses after dropping their jobs, which meant they could not pay their mortgages. Consequently, the banks took possession of an immense and undesirable housing inventory. This painful expertise has now made it doable for the federal government to succeed in an settlement with the banks. … These measures needn’t come on the expense of the banks, which is able to undoubtedly profit from the renegotiation of the loans, as a result of they may keep away from the type of mass defaults and foreclosures that occurred greater than a decade in the past. … It’s exactly the search for this mutual benefit which makes it doable to view these commitments as balanced.”

This text was initially revealed by eurotopics.internet. Learn the unique article right here.

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