The Debate Over Mortgages for 100% of Home Price: Lessons from the UK and Spain

The Debate Over Mortgages for 100% of Home Price: Lessons from the UK and Spain

Between 2004 and 2007, financial institutions fiercely competed with each other to grant mortgages to families. Therefore, almost any citizen who applied for one got it. The key to success was in the custom made suit for their clients. To balance the figures, they stretched the number of years of the loan, granted loans with … Read more

The Heavy Mortgage of Spain’s Increasing Debt: A Look at the Government’s Extraordinary Spending

The Heavy Mortgage of Spain’s Increasing Debt: A Look at the Government’s Extraordinary Spending

Some 170 million euros to subsidize trains and buses for young people, 17 million for unions, an extraordinary 14 million for the public company Tragsatec in order to unblock European funds, 3.3 million as a credit supplement for the CIS, 10 million to subsidize the cinema for those over 65 years of age… Without forgetting … Read more

Elche’s Gift of Majestic White Palms to World Leaders for Palm Sunday Celebrations

Elche’s Gift of Majestic White Palms to World Leaders for Palm Sunday Celebrations

This is the gift that Elche will give to the Pope, Queen Letizia and Pedro Sánchez: these majestic white palmsMatias Segarra 27 He Orchard of San Placido of Elche, where the Palmeral Museum is located, has been the scene this Wednesday of the presentation of the majestic white palms that the Elche City Council will … Read more

Government announces line of guarantees to aid first-time home buyers under 35 years of age.

Government announces line of guarantees to aid first-time home buyers under 35 years of age.

The President of the Government, Pedro Sánchez, has announced the creation of a line of guarantees through the Official Credit Institute (ICO) to guarantee 20% of the mortgage on a first home for young people under 35 years of age with an annual income of less than 37,800 euros and for families with dependent children. … Read more

President Sanchez Announces New Line of Housing Guarantees for Young People and Families

President Sanchez Announces New Line of Housing Guarantees for Young People and Families

Pedro Sanchez announced this Sunday in Tenerife a “new commitment to citizens” in terms of housing. The President of the Government advanced a public line of guarantees to guarantee 20% of the mortgage loan (that part of the amount of the operation that the bank does not grant and that frustrates many operations) for those … Read more

“Israel Protests: Tens of Thousands Demonstrate Against Judicial Reform”

“Israel Protests: Tens of Thousands Demonstrate Against Judicial Reform”

In Israel, tens of thousands of people took to the streets again to demonstrate against the judicial reform promoted by the government of Prime Minister Benjamin Netanyahu. According to local media estimates, 200,000 people gathered in Tel Aviv alone. In this city, protests have been taking place for the 17th week, that is, since the … Read more

“Spanish Prime Minister Apologizes to Rape Victims Due to Harmful Consequences of New Legislation”

“Spanish Prime Minister Apologizes to Rape Victims Due to Harmful Consequences of New Legislation”

EPADe Spaanse premier Pedro Sanchez NOS News•today, 17:36 Spanish Prime Minister Sánchez apologized to rape victims this weekend. The reason for this is the unintended, but harmful consequences of new legislation. Last summer, parliament passed a law that makes it possible to prosecute any form of sex without explicit consent as rape. But at the … Read more

Spanish PM to advocate for Ukraine’s ‘territorial integrity’ during China trip.

Spanish PM to advocate for Ukraine’s ‘territorial integrity’ during China trip.

Spanish Prime Minister Pedro Sanchez is set to visit China in the near future to discuss a range of diplomatic issues, including the territorial integrity of Ukraine. This comes amidst rising tensions between Ukraine and Russia, with recent clashes in eastern Ukraine resulting in the deaths of several Ukrainian soldiers. Sanchez is expected to seek … Read more