By John Smith • Published: 15 Mar 2020 • 14:54
THE Spanish Banking Association (AEB) believes that the Government should not impose a moratorium on the payment of interest by business affected by the coronavirus, as Italy has done.
There is a code of good conduct which Spanish banks follow and many are restructuring debts with mortgage guarantees on housing and they are looking at other sectors that are suffering.
It says that the financial institutions are demonstrating their support for the self-employed and small businesses by introducing new credit lines worth hundreds of millions of euros.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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