Spanish consumer debt up in November

HEALTHY BREAKFAST: A Pilar de la Horadada campaign provided primary pupils with a balanced way to start the day Photo credit: Pilar de la Horadada town hall

THE Bank of Spain has released figures which show that the personal debt of private individuals in November reversed a four month trend by increasing by 1.6 per cent.

The main reason for the increase in the private sector is due to personal loans as opposed to new mortgages which only increased slightly although the total amount owed does include a significant amount in respect of mortgage loans.

On the other hand however, company debt has effectively remained static and over the past year has reduced from very high previous levels.

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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla.


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