“We are leaving an unsustainable legacy for future generations.”

the government This week approves a diploma that expands access to loan interest support The value of the installments will be fixed six months after the publication of the decree-law regarding income support and housing credit.

With regard to the measures already in place, Specifically with regard to credit support, the Council of Ministers will make some changes that aim, on the one hand, to give some predictability to families with housing credit which in the past year have seen their loan installments register increasing with each renewal, and, on the other hand, Enhance the value of interest payment support.

José Gomez Ferreira hopes that the Council of Ministers will approve a mechanism.”It is a moratorium on housing loan repayments that allows setting a percentage..

“Be careful, it’s not about setting the monthly installment.”

The journalist warns that the value of the monthly installment is not what is fixed, but rather what is fixed is a percentage, giving this example. “Instead of paying the 100% that the bank requires, with fees applied, you pay 75% and keep 25%.”

“If we think it’s a peak and then it starts to fall (…) they realize that people who have mortgages are not going to pay now (…) the very high interest rates,” he explains.

This is not limited only to the period from 2023 to 2028, but will increase public spending by 8 billion euros.

Jose Gomez Ferreira pointed out Government stabilization programme And the burden that debt places on young people.

“The state’s fixed spending will increase by 8 billion euros if GDP continues to grow at an unpopular rate. (…) But if there is a crisis – and we know that it is cyclical – in the financial markets, (…), the collapse of credit In which no one pays anyone, it leads to a break in trust and the banks get into trouble and this causes the collapse of trust.It explains that the economy stops working.

What happens?

José Gomez Ferreira wonders: “The wild spending, the skyrocketings and the brutal deficits are coming back and who will pay for all this.”

This will be the future generations, according to the journalist who also highlighted this “We are leaving an absolutely unsustainable legacy for future generations.”.