Spanish banks Tag

11 Jul What is a “cláusula suelo” anyhow and how illegal it is when it is included in a Loan contract

Practically the whole financial sector is subject to trial in front of  the judge in what refers to the controversial “ground clauses, or cláusulas suelo”, that prevented numerous mortgaged Spaniards or Spanish residents to benefit from the strong slope of the interest rates experienced from end of 2008. At...