They never give up. In Frankfurt, to beat inflation with monetary tightening, they have already caused economic stagnation in half of Europe, but putting rising interest rates back in the toolbox in the halls of the European Central Bank is out of the question. Confirmation yesterday, umpteenth. In a context of “high uncertainty” such as […]
Tag: Taxi
ECB, endless run on mortgages. Record rates in June: 4.65%
A vertiginous and non-stop race. Like a train without a driver, the cost of bank credit continues to rise. Pending to know if and when the banks, affected by the tax on extra profits, will pass on the costs to customers, in June, according to the Bank of Italy, the rates for loans disbursed in […]
Mortgages, families are on their knees: 15 billion unpaid installments
The total amount of unpaid installments for almost a million Italian families is close to 15 billion euros: the rising cost of money, rising interest rates and the race to inflation reduce disposable income and put customers in difficulties for banks to meet loan terms. Globally, credit to households with impairment reached 14.9 billion last […]
Impossible mortgages: paychecks that are no longer enough
Abandon all hopes going into the bank to get a mortgage. Between constant increases in interest rates and skyrocketing inflation, it becomes nearly impossible to obtain mortgage financing to buy a home, given the times available. Even average-income workers are in trouble, not even those who have already taken an adjustable-rate mortgage and have to […]
“You cannot take advantage of taxis by limiting licenses to individuals”
You can’t set very strict rules on rental cars just to protect taxi drivers. This is the summary of the article of the European Court of Justice on 8 June criticizing the measures taken by the city of Barcelona both through luxury service companies and above all to restrict the use of chauffeur-driven cars. for […]
ECB did it: economy slowing down due to high rates
The ECB’s objective of containing inflation has not yet been achieved. But monetary tightening has already created the deleterious effect on the real economy. The signs are already concrete. First in the real estate market. That after having grown reaching a trading volume never seen in the last fifteen years, in the last months of […]
Back to the past Bills are back: Why bills of exchange are used so much Even though they seem to have disappeared in the general perception, bills of exchange are still in use. In fact, they’re making more comebacks than ever before. Why are they so convenient?
While workers bought the car with promissory notes in the 70s, today this payment method is not mentioned much. This does not mean that it has disappeared, in fact, its use has increased after covid. From where? Experts explain the revival of ‘IOUs’ with the post-pandemic economic recovery and the sudden rise in interest rates. […]
The ECB raises the cost of money: thus the EU undermines growth and impoverishes citizens
While the Meloni government bets all its cards, and even the money it has at its disposal, on the less favored classes, or rather, on what remains of the middle class, Europe only sees eyelashes. And not only for the benefits of the Pnrr, the European plan for recovery and resilience, sipped and disbursed drop […]
Taxi driver challenging his NoPos colleagues: “I can earn 600 Euros a day with ATM”
Exposure. Regarding the payments made with “How much does a taxi driver earn per day?” Now it’s easier to answer the question. Daily reports on the income of his taxi “Bologna 5”. Shipments contain a variety of items, including receipts via card payments. One of RedSox’s goals is to show other “positionless” taxi drivers that […]
Mortgages, rates fly over 4%: price increases of up to 2,000 euros per family
The high mortgage rate does not stop and continues unabated, hand in hand with the increase in the cost of money that the ECB has decided to reduce inflation. In February, loan interest rates for new home purchases rose above the 4% threshold to levels not seen since mid-2012. . Mortgages, Bank of Italy: rates […]