Coronavirus: Italy to suspend mortgage payments amid outbreak

[femmedem]

"Mortgage payments will be suspended across Italy as part of measures to soften the economic blow of coronavirus on households, a minister has said.

Laura Castelli, Italy's deputy economy minister, told Radio Anch'io: "Yes, that will be the case, for individuals and households."

Italy's banking lobby group ABI said lenders would offer debt holidays to small firms and families.

Suspending debt payments is not unheard of in Italy."

More: https://www.bbc.com/news/business-51814481

[durablend]

1. Pff...socialists!

As if that would actually happen over here...

[jimfields33]

2. I wonder if interest is still added and the month or two added at the end of the loan

I doubt they just say you are free from months of payments.

[JustAnotherGen]

3. No interest added

My husband's entire family is in Italy - and we own (no mortgage) a home there. People literally CANNOT leave their homes unless it is a dire emergency.

The Government in place now - understands the challenge. They also don't want the people to call another election and lose their jobs.

It's different there than here. The Government is terrified of the will of the people.

[cbdo2007]

4. Just more beer money if they did that in the USA!!! Go Merica!!!