Is the U.S mortgages financial crisis caused by subprime (the practice of making loans to borrowers who do not qualify for market interest rates because of problems with their credit history or the ability to prove that they have enough income to support the monthly payment on the loan) has an effect on people in Spain ?

That crisis caused a lot of mess with companies , financial products with no investors on the markets to buy. The European Central Bank and many other central banks put cash on the markets to ease the crisis , today investors are feeling safer espcially about the banking sector.

According to expert the access the price to obtain a loan will no grow because it would cause a slow down of the Spanish economy (who want that ?)

Anyway, according to Jean-Claude Trichet the CEO of the European Central Market the markets are coming back to normal.


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