Spain approves mortgage relief scheme

Spain Approves Mortgage Relief Scheme

Measures approved by Cabinet include cutting borrowing costs over five years to offset higher interest rates. After weeks of talks between the government and banks, Spain's cabinet is expected to approve the measures on Tuesday, which include cutting interest rates over a five-year grace period. The measures make Spain one of the first euro zone countries to cushion the blow from rising mortgage...

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Spain’s budget for 2023 brings good news for pensioners

All historical records for budget spending in Spain will be broken next year. The proposed General State Budgets of 2023 were adopted by the Spanish government on Tuesday, October 4. This plan is the most ambitious in Spanish history and includes 266 billion euros in social expenditure alone as well as many initiatives to lessen the effects of the continuing financial crisis. After the meeting, Mara...

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In the first half of 2022, eleven Spanish banks lost money.

According to individual statistics from the Bank of Spain, there were Eleven banks that lost money between January and June 2022 in Spain, which is 2 fewer than during the same time period last year. The Bank of Spain announced that eleven banks lost money in the first half of 2022; seven of these institutions—JPMorgan Chase Bank, Banco Europeo de Finanzas, Targobank, WiZink, Evo Banco, Credit Suisse...

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