Work Force 2008

The flight from loans

Today was published this ANSA:
ANSA - ROMA, 31 OTT - La crisis pushes Italians fleeing from loans and 84% had difficulty to pay the installments. The problems are such that 64% turn rules out new loans and only 8% said they were ready to do it instead. The survey also shows that on average each [...]

Euribor still declining

Comforting news for those who have a mortgage.
The rate at one month Euribor continues to fall and the FBE said that increased from 4.79% to 4.76. The rate for one week but it fell from 3.86% to 3.84%.
This should soon fell influence rate mortgages, making breathing slightly poor Italians with water in my throat.
But in [...]

Credit Crunch in Tuscany

Tuscany is happening close of the credit.
The increase in interest rates and most importantly, the timing of financial confidence has led banks to reassess the criteria scrupulous with each client that requires funding.
According to some surveys, the restriction of funding would be more than 5% compared to 2007.
“The close bank - says Mario Breglia, president [...]

Dragons against Euribor

The governor of the Bank of Italy said the desire to get away for calculating the Euribor interest rate loans variables.
Has not explicitly stated what would replace them, but according to Adusbef could include a rate institutional, not left to free market, but the power of governments and the ECB.
Draghi then continued:

“The emergency requires that [...]

Building confidence in banks

As I wrote last month, Profumo was confirmed as chairman of the FBE, and from 1 January 2009 will begin his mandate.
ABI has published a press release for the announcement in which they state the main points of interest of the new mandate:

On October 24 Profumo was confirmed by the Executive Committee of the Abbot, [...]

Good news for borrowers in 2009

Besides the anti-crisis measures of the government that the article quoted above, an ‘ASCA published statements of experts and a statement from the governor of the ECB Jean Claude Trichet.
In his 2009 will give pleasant surprises to those who have to pay a mortgage.
Euribor rates continue to decline for most of 2009.
In practice, in recent [...]

The real estate market and the crisis

As stated by many experts in the field, the housing market begins to be in crisis and have the first signs of slowing.
The report was produced by Nomisma and highlights some key data:

The sales in Italy fell by 14% this year. Price recorded the first decline of the last 11 years (-1%) even if compared [...]

Banca Monte Parma and loans “flexible”

This year’s Euribor reached historical peaks and has discouraged many people from buying a new home.
Banca Monte Parma thought to encourage the opening of a mortgage with a new product.
The flexible loans.
This kind of loan is characterized by a degree of flexibility granted by the bank to the customer.
Banco Monte Parma fact requires that the [...]