Italy to suspend mortgage payments amid coronavirus outbreak

Italy to suspend mortgage payments amid coronavirus outbreak

Mortgage payments will be suspended across Italy as part of measures to soften the economic blow of coronavirus on households. Italy’s banking lobby group ABI said lenders would offer debt holidays to small firms and families. The government has also asked the EU to allow Rome to raise its deficit spending beyond the $8.5 billion planned to help businesses tide over a sharp drop in tourism.

KCooper
KCooper
VaasDC
VaasDC 3 weeks

wow is it that bad there.

.....
..... 3 weeks

Great

Conundrumb
Conundrumb 3 weeks

As of the 9th there were 22 people who died in the States from Coronavirus. Over the years there is an average of anywhere from 12,000 to 61,000 people who die in the States from the flu. Let's stop with all the bloody panic ffs. This virus has about a 2% mortality rate. The media has everyone freaked out.

MrFredag
MrFredag 3 weeks

Big government... terrible🙄

🌀W_AS
🌀W_AS 3 weeks

First sensible economic relief I’ve seen.I saw in the comments that a point off the interest would be better. No it wouldn’t. A point off the interest but your, lower interest, mortgage is still due. Late fees and penalties cascade into foreclosure. Now you’re homeless.

anthony
anthony 3 weeks

Not bad but a point off the interest would be better.

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