The interest that banks lend in the interbank Euribor (Europe Interbank Offered Rate, or interest rate offered on the interbank market in Europe), a rate which, as you can see in the term 3-month Euribor this Dictionary, has gone up (now beginning to come down.) It So far banks have no money. Consequences: i. Noncredit ii. They do not give mortgages, so that the Habitat, Colonial, Renta Corporation, Colonial, etc., Are beginning to happen terribly wrong. And shareholders who bought shares of those companies, they see that the contributions of these companies are falling sharply. iii. The 12-month Euribor, which is the benchmark for mortgages has been rising (see Term 12-month Euribor in the Dictionary), which makes the average Spanish mortgage you have, start to sweat to pay monthly installments.
iv. As the banks have no money, 1. Sold its shares in two companies. They sell their buildings 3. Metamos campaign for money, offering better conditions v. As people begin to feel squeezed by the mortgage payment, unless the Court is English. vi. As the English Court notices, purchase less the manufacturer of socks Mataro, who did not know that there were the ninja.
vii. The sock manufacturer thinks that as sell less sock, starts to overrun and fire personnel a few. viii. And this is reflected in the unemployment rate, mainly in Mataro, where people start buying less in stores. This is a dictionary of words. What happens is that the word "Crisis 2007-2008" is very serious. The title is misleading, considering that the crisis will end in 2008.Tags: economy