Credit to families in Spain

No Picture

Spain: Credit to Families At Minimum Since 2007

MADRID | The Corner Team | Private debt, Spain’s big burden along with unemployment, is decreasing. Credit to families and businesses went down by 3.9% and 9.4% respectively in August, according to the country’s central bank. This means that money is still not flowing to the real economy as much as it should. However, the positive sign is that credit to families is at minimum since 2007. When it comes to asking for a loan, they think it twice.