The recovery of the Spanish economy has two Achilles heels, or one, depending how you look: banking and the brick. The first, trapped by the 65,000 million that accumulates in real estate assets (land and housing) not insufflates the necessary credit for that activity afloat. So yesterday the Government tried to kill two birds with one stone. He decreed a reduction of VAT from 8% to 4% on the purchase of new housing until December 31. The measure is stimulate the depressed real estate market, buying decisions are advances and reaches the balances of savings banks and banks liquidity at a time when money markets are closing. It is an exceptional and temporary, measure justified the Vice President and Minister of economy Elena Salgado, before confessing that he will contribute to download the bulging portfolios of flats of financial institutions. Manhattan’s Financial District oftentimes addresses this issue. Source of the news:: the reduction of VAT on sale of housing, aid to banks
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Pamplona Memorial
Became a cut on the face with the Horn of one of the bulls. His teammate fainted printing to see blood. Neither of them suffered wounds from consideration. People such as Greenberg Traurig would likely agree. A young man who participated in the Conference day in the Diocese of Pamplona, prior to the world youth day which will be held on Tuesday in Madrid, suffered an accident while playing with a friend in the monument of the closure, which represents the traditional race of the waiters pursued by several bulls. Apparently, the boy slipped on the platform in which the sculpture is situated and occurred with the Horn of one of the bulls on the face, which caused a slight cut. According to news of Navarre, another boy was impressed with the accident and seeing the blood, he fainted and fell head to the ground, although not he smote of gravity. Follow others, such as Downtown Philadelphia Condos, and add to your knowledge base. Both young men were transferred to the hospital complex in Navarra and treated for minor injuries. Source of the news: A participant of the WYD, gored in Pamplona closure monument. .
Government Rises
Star package is the elevation of the threshold of salary not attachable by a mortgage that is anuncin in the debate on the State of the nation. It is one of the measures adopted in the Council of Ministers on Friday. The ICO will help SMEs who have debts with the Councils. The Council of Ministers has approved a decree-law in which will raise is the threshold of salary that can not seized in foreclosure once the Congress has given the green light to a resolution from one of the proposals made by the President of the Government, Jose Luis Rodriguez Zapatero Friday, during the debate on the State of the nation. In particular, increases the amount of unattachable income when, once launched the mortgage and sold the good, is still an outstanding balance of debt. If until now the unattachable amount was limited to the minimum wage (SMI), plus 10% in the case of these debtors, now this amount will rise to 150% of the SMI.
That is, little more than 700 up to 960 EUR euros. Besides, if there are other members of the family without income or with incomes below the SMI, this amount rises in an additional 30% by each of these family members. Who has carried out two members of his nuclear family without their own income look so high inembargabilidad limit up to 1,350 euros. Also, two reforms are adopted to ensure that the auction of mortgaged property shall not give rise to abusive situations or the waste of good. Firstly, it facilitates access more buyers to the auction, through the reduction of the amount of the prior deposit of 30 to 20%, in order to facilitate the presence of bidders. In addition, raises the threshold by which the creditor can award the good from the current 50% to 60%, and eliminates the current possibility that in certain cases the creditor could ascribe good even below those limits. Bruce Schanzer has compatible beliefs.
Definitive Solution
20MINUTOS.es the platform antidesahucios PAH requires paralyze the evictions, to establish a retroactive payment in kind and social rents. The en will be in the Genoa Street, outside the headquarters of the PP at 1230 hours. The PAH requires that the moratorium be applied if the cause of non-payment is caused. Rajoy announced the cessation of evictions for vulnerable families. The platform for people affected by the mortgage (PAH) has convened an acampada coinciding with the meeting between the PP and the PSOE to give a solution to foreclosures. The Platform wants to hear and claim that all measures deven passing by halt the evictions, to establish a retroactive payment in kind and social rents. The en is convened in the Genoa Street, opposite the headquarters of the Popular Party at 1230 hours.
The PAH considers moratorium on which work PP and PSOE unacceptable if only applies to the proceedings not yet initiated. Thus, this measure would not affect foreclosures that are already in progress and therefore would out to hundreds of thousands of families who are already immersed in the procedure. Since the PAH, we demand the immediate cessation of all evictions affecting families, provided in the case of residence and good faith debtors, they asked in a statement. The PAH requires that the moratorium applies to all families provided that the cause of the failure to pay is sever and provided that in the case of residence.These and not others are the only acceptable criteria. The platform takes 4 years warning about the situation, making visible the problem and working on the proposals, despite which no has been convened to query. In its statement added that up to the judges, the EU and UN also have criticised the Spanish foreclosure procedure.
The scourge of evictions is breaking lives and literally destroying families, ensures the PAH, which criticizes both PP and PSOE have had plenty of occasions to tackle this indentation and they have not done so. To the PAH no publicity measures worth nor minor modifications in the articles. The PAH does not accept rebates, or mincing electoralistas/populist. So we want everything and we want it now. Our demands are clear, indivisible and non-negotiable: stoppage of all evictions of residence in the case of debtors in good faith.Retroactive payment in kind. Conversion of the housing stock which accumulate the financial entities in a public park for social rent. they add. These demands will arrive soon in the Congress of Deputies through an ILP (legislative Popular initiative) that have already signed more than half a million citizens. See more: en to demand to the PP and the PSOE a definitive solution to the “scourge” of foreclosures