1.
U.S. markets recover from steep losses
MADRID, Nov. 3 (UPI) -- Spanish President Jose Luis Rodriguez Zapatero announced his intention Monday to help unemployed workers keep their homes.
In a plan revealed at a the Moncloa Palace, Zapatero said unemployed workers would be able to defer repayment of up to 50 percent of their monthly mortgage bills for a maximum period of two years, ThinkSpain.com reported.
The plan is expected to benefit 500,000 homeowners, but has limitations, ThinkSpain said.
The aid would be available for mortgages worth up to $214,000 and have a cap of $632 a month, the report said.
The plan, which is scheduled for approval at Friday's Cabinet meeting, would also cover inactive self-employed workers with families, the report said.
|
|
|
|
|
|
| Additional Business News Stories | |
ERBIL, Iraq, May 24 (UPI) --
Plans for Iraq's semiautonomous Kurdish enclave to build an oil pipeline to Turkey points to a major political and economic realignment in the Middle East that will impact heavily on Iraq.
|
HAIFA, Israel, May 24 (UPI) --
Unmanned aerial systems are to be supplied to a European entity by Israel's Elbit Systems Ltd., the company announced.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
