The PSOE runs out of progressive support to promote ICO guarantees

Pedro Sanchez He does not have a single support in the progressive space for his proposal that the Official Credit Institute (ICO) guarantee up to 20% of their mortgage for young people and families with dependent minors. All the parliamentary partners of the PSOE, including Unidas Podemos, have rejected the initiative, considering that it could cause a situation similar to the one experienced in 2008, with the real estate crisis, and that it goes in the opposite direction to that indicated by the housing law, approved in Congress two weeks ago.

“We think it’s a bad idea“, summed up the ERC spokesman, Gabriel Rufián, this Tuesday at a press conference in Congress. The Catalan Republican deputy has criticized that the chief executive wants to “repeat a model that has not worked” in other areas, as in the case of the loans that the ICO grants to companies. Even so, Rufián has reached out to the Socialists to work on a new mortgage law to put limits on mortgage abuses.

Her counterpart at EH Bildu has been just as forceful, Mertxe Aizpurúa, when affirming that the initiative proposed by Sánchez is “contrary to the general interest”. The deputy from Aberzale has indicated that the only thing that is going to be achieved is “encourage over-indebtedness” and “foster a bubble” as happened in the previous economic crisis. As he explained, experience in other countries shows that it is a “wrong decision”. “It does not convince us at all,” he has sentenced. Some criticisms that Más País also shared these days.

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The emphatic ‘no’ of the usual partners of the coalition government adds to the rejection shown by United We Can in the last two days. For the party led by Ione Belarra, the line of guarantees is a “measure of Ana Patricia Botin, that the PP has already raised and is to the liking of Vox”. But not only that. The purple spokesman in Congress, Pablo Echenique, has stressed that “it is quite evident” that the proposal only benefits the bank. In addition, he has warned that this approach is a “mistake” and that “it has a negative impact”.

Without the support of its partners, the PSOE would need the support of the PP to carry out this measure. However, the spokesman for the Socialists, patxi lopezhas wanted to downplay this fact, stressing that they have their “own initiative” to promote a measure that will complement the housing law, which focuses on rentals, and the construction of the public housing stock that Sánchez has been announcing for several weeks .

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