There is no good news due to the government crisis. More expensive mortgages and growing public debt. Here’s what happens
The crisis from governmentwith consequent resignation by Prime Minister Draghi and dissolution of the Chambers announced by the President of the Republic, Sergio Mattarella, it will certainly not bring positive things to our country. In fact, it will not be a particularly easy time for Italy.
Following the government crisis and the resignation of Mario Draghi caused by the operation of Movement 5 digit, Lega e Forza Italia, in our country the government will remain in office only for current affairs. But there is no good news for the citizens, quite the contrary. They can be seen on the horizon mortgages more look for e debt public that still grows. Here’s what’s going on.
More expensive mortgages and growing public debt: this is the cost of the government crisis
The Draghi government has fallen. The September 25, 2022 we will go back to voting and, once again, the country is in conditions of political instability. After the announcement of Mario Draghi, lo spread has undergone a crazy surge, also due to the rise in rates from interest by the ECB.
So, today we are licking our wounds and trying to understand what awaits our country in the near future. The consequences for citizens do not bode well and the taxpayers’ wallet could be in serious danger, especially for those people who intend in the short term to ask for and obtain a financing important and who owns government bonds.
These, in fact, are seeing the price of Btp, as markets seem more interested in upcoming debt issues with cheaper interest rates. The bankshistorical purchasers of public debt, will therefore be in difficult conditions, as well as the same finances public funds, put under pressure by debt refinancing.
According to Codaconsin addition, a increase in mute installments, in light of the increase in interest rates by the ECB of 0,50%. A factor that will also affect future mortgages, as well as those who have agreed on a variable rate. Therefore, it will not be an easy time for taxpayers, which could be quite long.
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