The FEI and six Spanish entities will offer 4,000 million euros in loans for SMEs

Good news for small and medium-sized companies in our country. The European Investment Fund (EIF) has reached an agreement with six Spanish banks to grant 4 billion euros in loans for SMEs over the next two years. The European body will assume 50% of the banking risk, which according to the Secretary of State for Budgets and Expenses, Marta Fernández Currás, “will make it possible to reach entrepreneurs and companies that present more risky projects”.

What does this agreement consist of?

The agreement between the entities and the European Investment Fund is part of the SME Initiative, an instrument that aims to stimulate financing for SMEs by providing partial coverage of bank risk. According to the CEO of the FEI, Pier Luigi Gilibert, this initiative “will provide important support to companies at a time when access to financing remains a key concern for many of them.” The six banking entities that have joined the SME Initiative are Banco Popular, Santander, Caixabank, Sabadell, Bankia, and Bankinter.

Financing for SMEs to create 6,400 jobs

As of today, these six banks will allocate 4,000 million euros to finance 2,700 small and medium-sized companies of recent creation, which will mean the creation of 6,400 jobs. According to the calculations of the Secretary of State, these loans for SMEs will also help to consolidate 120,000 jobs.

The offer of loans for SMEs grows

The offer of loans for SMEs grows


After this agreement, small and medium-sized Spanish companies have a new mechanism to finance their projects. In addition to the loans for SMEs granted by banks, businessmen can turn to loans offered by private companies or public financing lines.

Loans for SMEs granted by private lenders

Currently, there are several private companies that offer to finance for SMEs through online platforms. 

To get GreenTouch loans, you just have to fill in an online form and send the required documentation. If we comply with the conditions, the lender will send us a personalized offer and, after our acceptance, we will transfer the money in a few minutes or in 3 days, depending on which is our bank.

ICO and ENISA lines: the administration also grants loans for SMEs

If we need financing we can also resort to loans for SMEs granted by the public administration through the Official Credit Institute (ICO) or the public company ENISA. We can find financing lines to start a business, to invest in innovation or to boost the export of our products. To be able to access one of these credits, our company must be solvent and can not belong to the financial sector.

Economy.- Guindos defends today in the Congress its mortgage law against the alternative proposal of Unidos Podemos

The Minister of Economy, Industry, and Competitiveness, Luis de Guindos, defends this Thursday in the House of Congress his project of Real Estate Credit Law, which is submitted this week to its first parliamentary exam with its debate of totality, confronting the alternative text presented by Unidos Podemos.

The Government proposal extends the limit of the banks when executing a mortgage (now it can do it with three months of non-payment), facilitates the conversion of the loan with variable interest to fixed and obliges the entity to communicate in detail all kinds of clauses, such as floor clauses, and to ensure that the client, notary through, declares himself aware of its nature and behavior in different scenarios.

The regulation, which involves the transposition of the European directive on mortgage loans, had to have been approved before March 2016. Since this procedure has not been completed, Spain has opened an infringement procedure, although the Government hopes to approve the regulation before of the end of the process in order to avoid a possible fine.

Guindos already announced during the presentation of the initiative in November that the Government had enough support to overcome the different parliamentary procedures, the same ones that had made possible the approval of the 2017 Budgets: Citizens, PNV, UPN, Asturias Forum, Canary Coalition and New Canary Islands.


In any case, these votes should reject the proposal brought to the debate by Unidos Podemos, which, as they defend, is a “stricter” transposition of the directive on consumer protection. If the initiative of the left coalition adds more support than rejection, Congress would proceed to process this alternative text and reject that of the Government.

In this sense, Unidos Podemos demands a protection “not only formal”, but also material, demanding that there be a public body to control and supervise the signing of this type of contract, and point to the Bank of Spain to act as supervisor of “all the types of contracts that financial entities are going to market, to make sure they are not violating the rights of consumers. ”

The alternative proposal establishes the nullity of those that oblige consumers to forego their rights to be informed about any assignment of the loan and also allows to reimburse all or part of the loan without commissions or penalties, except for the financial loss in the first years, is justified and does not exceed certain percentages- payday loan consolidation at

Likewise, notaries and registrars are prohibited from authorizing and registering contracts or businesses with clauses contrary to norms or declared null by the Supreme Court and authorizes the autonomous communities to apply a deterrent sanctioning regime.


The Government’s proposal establishes new terms for the early expiration of a mortgage, limits interest on late payment – three times the current legal interest and will be applied to the outstanding principal – and facilitates the conversion of the mortgage loan in foreign currency to another currency , as well as the change of mortgage loan with variable interest to fixed interest.

Currently, banks can decree the early expiration of a loan and execute the mortgage from the third month of default, a threshold that the Government raises up to 2% of the loan, including interest, or nine installments during the first half of the contract, and 4% or twelve months in the second.

To change a mortgage loan with variable interest to a fixed one, the maximum commission for early repayment for a novation or change of entity in which a fixed rate is agreed will be 0.25% in the first three years, and thereafter it will disappear.

In the case of variable-rate mortgages, the commission for early repayment will be zero from the fifth (0.25% limit) or the third year of the effectiveness of the opponent (0.5%), depending on the agreement. As for fixed-rate loans, the early repayment fee will be 4% maximum in the first ten years and 3% thereafter.


On the other hand, the standard includes the possibility for both parties to voluntarily adhere to a standard contract in which the fundamental clauses of the contract are established, and obliges the entity to send seven days before signing the contract a file with the main characteristics of the contract, including floor clauses, with estimates in different scenarios of interest.

In these seven days, the consumer must go to the notary to answer the questions that he poses and where he will explain all the sensitive clauses, having to sign a record, free for the borrower, in which he will manifest knowledge of all the necessary information.

Two families of Vigo at risk of being evicted on Thursday are still waiting for the judges to grant postponements

One asks for time to move to a house of the Xunta in Tomiño and the other to “see what the City Council and the Xunta say”

The two families of Vigo at risk of being evicted on Thursday, day 21, are still pending that the judges determine whether or not to grant them a postponement for the eviction, one of them awaiting the outcome of the court ruling and the other in order to have time to complete the procedures to access a home that has offered the Xunta.

The two trials, involving a family in the neighborhood of Teis and another of O Calvario for non-payment of rent, were held on Monday morning in the courts of Vigo, where dozens of people called by the collective ‘Os Ninguéns’, The Popular Solidarity Network and the Platform of Affected by Mortgages have focused on supporting these families.

According to Europa Press sources close to the families, the hearing by the family of O Calvario was held early in the morning despite the absence of the lawyer ex officio, and now they are pending what the judge decides, who the Xunta is going to send a fax requesting the suspension of the launch alluding to its situation of vulnerability and while it finishes the paperwork to adjudge a house to them in Tomiño.

Specifically this is a family unit of three members (a couple and his nephew), which has a total income of about 500 euros -by Risga and subsidies- and which accumulates several months of defaults. “We are out of work,” explained the affected Israel Sangiao, who has thanked his landlords “for what they endured, how they behaved.” “To take off his hat,” he summarized.

For its part, the trial for the case of the family of Teis has also been held and are now waiting for the sentence to be set in which the firm date of the launch is set, which could take between five and 10 days . According to the same sources explained, they are usually about 20 days, so the eviction of this family can be delayed about 25 or 30 days, time in which they expect the City Council to grant them one of the municipal floors available.

The head of this family (with a minor scholar and having a work-related illness and he himself an incapacitation), Augusto Pérez, previously at the hearing, moved to the media asking to suspend the launch pending “to see what the City Council the Xunta “and know if they give any solution, because” in less than a month “the family” will be in the same situation again, with date of departure and inability to rent a flat for their income “.

Irse de vigo

The spokesman of the collective ‘Os Ninguéns’, Antón Bouzas, explained in statements to the media during the rally that the Xunta has offered the family of O Calvario a home in Tomiño, and Teis is seeing “if he wanted accept a home somewhere else. ” “They are going to have to leave Vigo because there is no decent housing here,” he lamented, supported by the families, who have confirmed that they want to continue living in Vigo.

“I love my city, if I have to go to Tomiño I’ll have to go, we have no choice but to accept but we stay on the street, but I’m from Vigo and I’d like to stay here,” said Israel Sangiao, who asks for a postponement Do the papers of the house of Tomiño and thus avoid staying in the street until receiving the new house and enlisting the supplies of energy and water.

For his part, Augusto Perez explained that his family has been denied several grants and are waiting for others to be resolved, both the City Council and the Xunta. In addition, he said that although they were offered a flat, it was located outside of Vigo and they need accommodation in the city because they have medical problems and he has a disability.

On this, the spokeswoman of the Platform of Affected by the Mortgage of Vigo, Carlota Pérez, has assured Europa Press that the groups will “keep fighting because they stay in Vigo” these families. “It is incredible that they have to leave the city, more than 30 kilometers away, and it is the only solution they have,” he remarked, before recalling that there are municipally owned homes that are empty. “They have lived all their lives here, and they are condemned to leave,” he has censored.



In support of these two families, dozens of people called by the collective ‘Os Ninguéns’, by the Popular Solidarity Network and by the Platform of Affected by the Mortgage and among which were also Alternatives na Xustiza-CUT, BNG and the Platform Xuntos, they have concentrated behind a banner that read ‘En loita con dignidade’, and with posters that denounced that ‘In Vigo there are evictions’ and that they demanded an ‘institutional solution’.

In statements to the media, Antón Bouzas has criticized that the City Council of Vigo, which “has zero debt and is healthy,” finance airlines and the “multimillion-dollar” reform of Balaídos stadium while it is selling municipally owned flats and has “15 flats “that could be destined to people at risk of eviction.

“It is not normal for him to say that he does not consent to the evictions and then go long and subject these people to unbearable pressure”, he remarked, before pointing out that, specifically, the mayor, Abel Caballero, does not provide a solution to the two families because “if he does he would have to admit that he has to do it to hundreds of people”.

He has also criticized that the Olivian councilors, some of whom were union representatives, are not “punching the table” for this situation and only go “as altar servers behind the mayor.” “It’s good to continue selling that this is a beautiful city when there are citizens in need,” he finished.

In this framework, the groups have claimed that between the City Council of Vigo, the Diputación de Pontevedra, the Xunta de Galicia and the Ministry of Public Works, a park with a minimum of 200 rental homes is being created and an “urgent action protocol” in these cases”. In addition, they have demanded in a manifesto that the administrations “stop using this problem as a partisan weapon”.

In order to demand the relocation of these families, these groups have organized for next Thursday, day 21, a concentration of 10 hours, between 10.00 and 22.00 hours, which will take place in the street lamp of Urzáiz.

Action of the council

<strong>Action of the council</strong>

On the other hand, the delegate of the Xunta in Vigo, Ignacio López-Chaves, has moved on Monday in a press conference that “already were awarded 10 homes” to families at risk of exclusion or eviction, one of which It is the family of O Calvario, that this Monday went to visit and accepted a house in Tomiño.

In addition, he assured that for the family of Teis “also requested a postponement from the Xunta de Galicia, in addition to providing advice on the application of the Bonus Social Alugueiro and resolve the grant of aid of 1,065 euros.”

“The social policy pursued by the Xunta to prevent families at risk can lose their home is bearing fruit,” said López-Chaves, who has specified that in addition to the case of the family of O Calvario, five homes were awarded in Vigo , two in O Porriño and two in Salvaterra do Miño.

In this context, he has affirmed that Vigo is “the Galician city with the most social problems related to housing”, where the cases are known “in different ways” – as collective – “but not by the official channel, which should be the Government municipal”. For this reason, he has demanded “greater commitment” from the mayor Abel Caballero.

This year Cantabria will receive 7.6 million Fomento for the execution of the housing plan



Firma del convenio de colaboración

Signing of the GOVERNMENT collaboration agreement

The Government of Cantabria will receive this year 7.6 million euros from the Ministry of Development for the execution of the extension of the “State Plan for the promotion of housing rental, building rehabilitation and urban regeneration and renewal 2013-2016” during this 2017 .

The minister, Iñigo de la Serna, and the Minister of Public Works and Housing of Cantabria, José María Mazón, signed on Wednesday the collaboration agreement for the execution of this extension, which the regional government will co-finance with 1.9 million euros .

De la Serna explained that, of the 7.6 million euros, one million is directed to aid for the subsidization of loans that “have been dragged from previous housing plans”, while the rest, 6.6 million, is focused on the aid lines.

In these aid, has detailed that the Government of Cantabria collaborates with a confinancing that has estimated at 1.9 million, so that together they amount to 9.5 million euros. At this point, the Minister of Public Works and Housing has ensured that the amount is “greater” and has raised it to more than 10 million because, as he explained, the regional government have established extensible credits.

Leaving aside the million for the subsidization of loans, from the rest of the amount will be allocated 4.5 million to aid for rent, about three million for the promotion of the rehabilitation of buildings; one million for the urban regeneration and renovation program; and almost 120,000 euros in subsidies to support the implementation of the building evaluation report, the regional government detailed in a subsequent statement.


In the rent aid, Mazón has indicated that his department has “practically executed” and the regeneration and urban renewal “are not going so well”. Thus, it has been detailed that the Cabildo de Arriba de Santander is the area that can receive such aid, which has been praised, the regional government complements another million euros.

“We had the commitment of the developer to bring the project and is delaying,” said the counselor, who said that the government are “a little worried” by that delay, because the developer was confident in reaching agreements with all the neighbors. “He had told us that he had little left but it is taking time”, said Mazón.

At this point, the minister and former mayor of Santander has pointed out that the extension of the 2013-2016 housing plan also includes an extension for the Urban Renewal and Renewal Areas (ARRUs) as the Cabildo until December 31, 2018, to which will be added one more year of term with the next 2018-2021 plan, all so that “the term is not a problem” for these processes.


The minister has indicated that it is estimated that the aid can benefit some 2,800 Cantabrian families and has trusted that they will soon because “Cantabria has done the homework and has advanced the administrative procedures” to be able to go granting these grants with their own resources.

The minister has indicated that, despite the fact that the Government of Spain does not have jurisdiction over housing, with this plan “it maintains its commitment to support a policy that is eminently social, which helps people with fewer resources to have a housing or to carry out processes of building rehabilitation or urban regeneration “.

De la Serna has advanced that, starting in 2018, the new state housing plan 2018-2021 will be launched, which is “novel and emerges from a broad process of participation” both from the autonomies and the private sector with the presentation of more than 2,000 allegations, of which 85% have been incorporated.

Among these, he stressed that it will be possible to allocate aid for rehabilitation to single-family homes on rustic land, something that can not be done now but with the 2018 plan, a measure that Cantabria can benefit from.

And among other novelties of that future plan, De la Serna has indicated that the conditions will be made more flexible for the Autonomous Communities so that they have more facilities to apply the programs, which will have a “much broader range” with specific aid for young people and adults. for accessibility or energy efficiency.

On this future plan, Mazón has wished that this one will be developed in a “better time from the economic point of view”, because the previous one was “of total crisis”, reason why it has hoped that Cantabria can receive “a lot of euros” .


In another order of business, questioned if any of the planned works on Cantabrian roads could be included in the extraordinary investment plan of roads with public-private collaboration, De la Serna has indicated that it has not yet determined which roads will be included but has ensured that “the commitments in Cantabria are already established” be financed through the budgets or in this plan.

Of those commitments, he recalled that the investment “more imminent and closer” is “very important” with more than 140 million euros for the connection of Barreda-Sierrapando, a project for which the process of public exposure has already been exceeded. expropriations and “we are running with the constructive project to tender it as soon as we have it”.

To this project, other commitments are added “but without sufficient maturity” for its tender, but it has ensured that they are being drafted “en bloc”. Thus, he has cited the direct connection to the Port, the extension of the third lane from Polanco to Santander and from Solares and Vizcaya or the Desfiladero de la Hermida.

Check here more news of Cantabria.

Rabanal sees CyL "well positioned" in funding and believes that the problems will come from the demographic structure


Valladolid. Rabanal and Marcos after the Government Council 

The expert appointed by the Autonomous Community of Castile and Leon in the Commission created by the Government of the nation on the reform of the regional financing model, Jaime Rabanal, has been convinced that the Castilian-Leonian community is “well positioned” to address now the political discussion on this matter as elements of expenditure estimation that can benefit this territory have been raised.

As has been said, at this time Castilla y León has “a lot of work done” in the estimation of real spending on Health and also in Dependency, figures that should be able to put on the table so that the principle of ordinality ‘that the experts have also raised and which, in their opinion, can only have a negative impact on Castilla y León if the future model does not have sufficient resources in its entirety.

Having said that, he has been emphatic in acknowledging that there is still a negotiation work to be done within the Fiscal and Financial Policy Council (CPFF) and that, as he has predicted, “it will not be easy” but he pointed out that the problems They will come “from the own difficulties of the demographic structure” of Castile and Leon, a structural situation that, “like all, is reversible”, has also qualified.

This is the main message that Rabanal has transferred in his appearance this Friday in the Committee of Economy of Cortes to explain the details of the report of the Commission created by the central government on the reform of the model of autonomic financing and that, according to has ratified , “opens the way to improve the estimation of spending” of the Community, as it already pointed out last August 21 when it presented the document in the Governing Council.

“It also paves the way for the estimation of dispersion and may be important for Castilla y León”, explained Rabanal in that “positive” reading of the response of the report of the National Commission to the traditional approaches of the Community, with the exception of the future of the ‘status quo’ that demands this autonomy and that already motivated a particular vote of Rabanal to avoid that it can lose funding with respect to the current model.

“The opposite would be an authentic madness for Castilla y León”, has warned the socialist attorney Jose Francisco Martin for whom it is an aspect for which the Board will have to “split the face as never before”.

On the other hand, Jaime Rabanal has considered “fundamental” that the new model improve the calculation of spending needs in terms of the “adjusted population” through a “solid, powerful and independent” technical commission that estimates the fundamental parameters of permanently and not every five years as the law now marks. In this way, delays in deliveries on account of the current model would be avoided

Rabanal has shared the Commission’s approach to change voting rules in the CPFF to avoid imposing the government with the support of a community in certain decision-making, such as the deficit target. “It is fundamental,” argued the expert from Castilla y León, for whom the current indebtedness of the autonomies would have been different if different deficit targets had been applied depending on the situation of each territory.

At this point, he has called for the need to “take off the flags” to address issues from a global and State view also convinced that we must take advantage of the negotiation to resolve “between all” and in a “calm and tranquil way” “the” worrying “indebtedness of some community that already exceeds 40 percent of its GDP,” whatever its justification “and before it is a” serious problem “due to an increase in long-term interest rates.

In a national key, he has shared the recommendation that the regional communities go to the basic financing model proposed by the experts and has admitted that the financing of the Local Administration or the Unit has not been entered into, with a separate group and that he demands that it be included in the future financing model.


“I have tried to do a technically consistent and coherent work without any indications from anyone and I have acted according to my real knowledge and understanding, I hope I have fulfilled the expectations”, the expert confessed at the end of his appearance with the wish that the ” technically consistent work, although it has gaps “allows to find politicians a” lowest common denominator “to maintain the Welfare State.

On the other hand, all the parliamentary groups have coincided in recognizing that the report of the National Commission offers “reasons for optimism” about the future of regional financing for Castilla y León but they have also been clear in reminding the Board that from now on “real work begins” so it will have to be especially belligerent before the Government and before other autonomous communities and put “all the meat on the spit” as well as seeking agreements and “accomplices” in other communities with common interests.

In this sense, the spokesman of the Grupo Podemos in this Committee, Felix Díez Romero, has warned that changes to the regional financing model will be subject to what happens in Catalonia as of October 1, the date on which the independence referendum, since the fiscal capacity of that territory will affect the possible changes.

“We hope that the document in the negotiation process will not get worse but will improve, partly depends on us,” Rabanal has responded.

Both PSOE and Podemos have warned that they will be “over” the Board before the possibility of “getting back on their knees before the elder brother of the PP” and Citizens Attorney Manuel Mitadiel has warned that it will be a debate ” absolutely complicated “before the interests of some communities that defend the ‘per capita’ weighting or doubts about the ‘status quo’.

Finally, the ‘popular’ Salvador Cruz has defended that the Board has done the duties to promote in his day

a working group and a Community agreement that does not exist in other territories and has advocated defending now in the CPFF the concept of adjusted population and the novel elements that benefit Castilla y León.

Cruz and Martín have shared that the crisis has diminished the current financing model and have disagreed about their levels of demand depending on the

current government. “Without entering it and you more, none has been good, that’s why we want a satisfactory one”, summarized Díez Romero de Podemos to once again claim the concept of social expenditure floor.

Villar declares before the judge for diverting funds from the Football Federation

Villar declares before the judge for diverting funds from the Football Federation

Villar declares before the judge for diverting funds from the Football Federation

The president of the Royal Spanish Football Federation (RFEF), Angel Maria Villar, and his son Gorka will be transferred Thursday to the National Court to testify before the judge after his arrest last Tuesday to divert millions of euros from the coffers of the federative.

Both were arrested in the operation Soule with the vice president of the RFEF and president of the Tenerife federation, Juan Padrón, and the secretary of that regional federation, Ramón Hernández Baussou.

The four will testify Monday before judge Santiago Pedraz, who will decide whether to release them or send them to provisional detention.

In the operation carried out by the Civil Guard, the domicile of Villar, the RFEF’s headquarters, as well as the federations of Andalucía, Comunidad Valenciana, Baleares, Las Palmas, Tenerife, Extremadura, Ceuta and Melilla were registered.

The investigators point out that Villar, who has been in the position for 28 years, charged commissions for holding the national team matches and used his position to hire services and other business relationships for the benefit of his son, a lawyer who is an expert in law. sports and in front of several companies where amounts of money were diverted.

The four will testify Monday before judge Santiago Pedraz, who will decide whether to release them or send them to provisional detention

After dodging several corruption scandals in recent years, such as the FIFA case, Ángel María Villar, 67, was arrested in an investigation that was initiated following a complaint by the Superior Council of Sports (CSD) presented in 2016.

The suspicions about the management of the federative leaders started from an audit of the CSD that revealed that a debt of 24 million euros had not been collected by the Samper company for the audiovisual rights of the national team matches.

But, in addition to not collecting that debt, when the Federation decided to break with Santa Mónica in 2013 the entity of Villar would have compensated the company with more than 20 million euros.

These irregularities would have been appreciated by the audit of the CSD and, given the refusal of the Federation to give explanations, the then head of the Council, Miguel Cardenal, decided to denounce the facts.

It was the trigger for an investigation of the UCO and the Anticorruption Prosecutor’s Office that resulted in the four arrests , including that of Juan Padrón, to which the investigators grant a decisive role in the corrupt practices of the Federation.

Among them, some would affect the federations of Andalusia, Valencia, Balearic Islands, Las Palmas, Tenerife, Extremadura, Ceuta and Melilla, some of whose presidents have already testified before the UCO although they have not been arrested.

They were allowed to contract with companies in their environment or their property, with which they obtained their own benefit and even diverted funds from the Federation.

The suspicion is that, in return, Villar secured his support in the successive elections.

The suspicion is that, in exchange, Villar secured his support in the successive elections

Other practices would have been directly orchestrated by Villar and his son Gorka, responsible for the sports advisory company Sports Advisers SL.

In this case, they profited directly by organizing friendlies of the Spanish team in its most laureate stage, in which its cache was very high.

It was contacted with selections from other countries, the parties were agreed and they lowered part of the cache in exchange for that money going to Gorka’s company.

The investigations have no doubt about one of the games, the one that faced Spain against South Korea in 2012 in preparation for the European Championship that won the Spanish national team.

But more cases are investigated , some of them in Latin America, where Gorka Villar directed the South American Football Confederation (Conmebol).

These are just some of the alleged corrupt practices investigated by the UCO and the Office of the Prosecutor , because of the records and the documents intervened in the operation Soule have found “much of what to throw”, according to the sources consulted by Efe.