Italian authorities reflect on the introduction of mortgage amnesty

The Italian government is discussing the introduction of mortgage amnesty, by which it would be possible to return to the state treasury, up to € 6 billion - according to the representatives of the Italian press. Despite the lack of detailed information, the journalists of the newspaper La Repubblica believe that allow borrowers to restructure and, in more advanced cases and receive full debt relief, the government will charge a fee. there a dangerous precedent in the case of this initiative, the so-called "moral hazard". It is characterized by the fact that people are beginning to break their commitments when they feel safe. If this change is successful, other European countries may be tempted to follow the example of Italy, which, in turn, can result in indulgence unscrupulous borrowers and lead to another boom in the real estate sector. On this Site www.globaledge.co.uk