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The summer was going well, but it seems that things are going a bit awry. Prices rise, the Euribor also and the banks close the tap. Does it ring a bell? It’s nothing we haven’t experienced. At the moment the panorama is being drawn. May bitterness await us at home when we return from the holidays that it is time to rest…
This newsletter takes a breather. See you on September 3!
He’s back. If we believed that inflation had vanished, none of that. There’s even a new factor to worry about. Oil, watermelon, melon and cereals skyrocket or disappear from the supermarket due to extreme weather. The same goes for vineyards. Fuels are also going up and everything has an impact on the pocket: the CPI goes up again…
Bad news. The banks issue a warning. Mortgage and loan conditions will be worse in the coming months. More expensive and with less access because the ECB’s unstoppable rate hike continues to restrict demand. This week they have been taken to 4.25% and may continue to rise. The Euribor is a direct reflection, already above 4% and with quotas skyrocketing again.
pay or not In case of extreme situations, income does not reach to cover expenses and you have to choose what is paid and what is not. Should you stop paying the mortgage? Or an electricity bill? Here the answer. You have to be careful not to end badly, as with the house at a public auction. The Catalan treasury has launched several flats and properties with discounted debts. Whoever wants can bid.
Tax reduction. Some have reason to rejoice. With the changes in the regional governments, a new downward fiscal race has begun. The great objective is the inheritance tax, which the Balearic Islands, the Valencian Community, the Canary Islands or La Rioja will reduce. The heritage will also undergo changes. It is a competition that experts advise against and citizens applaud.
The greatest fortune in Spain smiles. Pontegadea, the company with which he controls his empire, earned 2,092 million euros last year. Between Inditex, brick and other businesses, where do your joys come from?
The rest of mortals do not know us so much. That can cause doubts to arise, such as when paying with a card. To make sure that the plastic was ours years ago, the DNI was requested, today less usual. The Bank of Spain has clarified whether or not it is mandatory to show it when asked.