Linde supports families in bankruptcy law – Newspaper

Linde supports families in bankruptcy law – Newspaper

Wednesday, November 26, 2014

The governor of the Bank of Spain, Luis María Linde, Congress yesterday.

Many European countries have specific regulations to help family , freelancers or small businesses that can not cope with their debts, so-called laws of second chance . The governor of Bank of Spain , Luis María Linde , was yesterday in favor of adopting a similar rule in Spain, but also warned of the risks.

Even international institutions like the International Monetary Fund , admitted Spain have recommended it to act in this regard. “It is a subject to study. It is true that Spain is an exception and the Bank of Spain sees no nonsense consider what can be done. But you have to find a reasonable and useful content, and see the times that reform is undertaken, it is not just a reform of this kind in a time of financial stability, economic growth and credit standard in a very different time ” warned Congress.

A standard may well have “complex consequences from the point of view of financial stability” of the banking sector, he added in response to deputy ICV Joan Coscubiela . Therefore, he offered the assistance of the Bank of Spain for, “to the extent of its possibilities and its forces”, contribute to this “reasonable and rational discussion.”

In this sense, also advocated differentiate between “point” “acute concern, serious and painful social problems” but, like evictions. These, he argued, “should be resolved through specific social actions”, while broader issues are to be addressed to “general”.

VARIOUS / Linde WAGES also supported to leave behind the era of austerity pay , but not for all companies. “We must not encourage the widespread wage increases. We have to distinguish good companies that can to those who can not “brandished.

The governor also said that growth and inflation may be” very low for a long time “but denied signs of recession or deflation in Europe. He also warned that additional measures might be needed to achieve the deficit target next year. The meeting of European Central Bank December, forward, will be “very important” in the face of new extraordinary measures.