The second vp and Minister of Labor and Social Economy, Yolanda Díaz, has as soon as once more requested this Friday that mortgages be frozen to forestall a switch of earnings from households to monetary establishments for a worth of 10,500 million euros in 2023.
In a video revealed on his social networks, Díaz recalled that the massive Spanish banks have had “historic earnings”, of 32,500 million euros earlier than taxes, whereas many households “are having issues paying the mortgage”, with will increase in as much as 250 euros on common.
“Behind the issues of households and our monetary system, is the large banking focus in our nation. Five massive monetary establishments management nearly 70% of the market”, commented the second vp.
We stay in a rustic the place many households are discovering it more and more tough to pay their mortgages, whereas 5 massive monetary establishments have extraordinary advantages.
Freezing mortgages and moderating advantages is the way in which for us all to win. pic.twitter.com/9OhbB24LnH
— Yolanda Díaz (@Yolanda_Diaz_) February 3, 2023
Díaz has additionally warned that this represents “a major danger for Spain” and likewise contributes to monetary exclusion. “It’s time to freeze mortgages and reasonable the intense advantages of the massive banks in order that all of us win,” he concluded in his message.