Portugal extends suspension of loan repayments until March

in News · 06-06-2020 08:00:00 · 1 Comments

Portugal will extend its suspension of loan repayments by another six months until March so as to avoid an expected jump in bad debt as a result of the crisis caused by the coronavirus pandemic

The suspension, in place since March, can be applied on bank loans to companies and individuals, including on household mortgages.

Finance Minister Mario Centeno said that the scheme, originally due to expire in September, had already led to the postponement of 12 billion euros in interest and capital payments.


Comments:

That sounds quite naiv. Suspending loan repazments has consequences. Mazbe not to the voters behind this government, but to thise expecting to be paid. But what to expect from a socialist-communist government.

By John Dough from Lisbon on 06-06-2020 08:38
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