EU Supreme Court may qualify Spanish mortgage lending as offensive

EU Supreme Court may qualify Spanish mortgage lending as offensive

Spain’s mortgage interest rate index – known as IRPH – could be considered abusive, advocate general of the Court of Justice of the EU warned in his conclusions on Tuesday (10 September), which are contrary to an assessment of Spain’s Supreme Court. In a response to a local Spanish court inquiry, advocate general Maciej Szpunar said that IRPH – an alternative to Euribor to set mortgage rates – falls under the scope of application of the EU’s directive on unfair terms in consumer contracts. Spuznar argued that the directive is…

Read More

Romania dismisses deputy commissioner after pressure

Romania dismisses deputy commissioner after pressure

Romania has dropped its insistence on having a replacement Commissioner join Jean-Claude Juncker’s outgoing administration for the final two months of its mandate. After regional policy chief Corina Crețu was elected as an MEP in May, Romania decided to nominate European Parliament Vice-President Ioan Mircea Pașcu as her replacement. But after Juncker decided not to assign specific jobs to Romania’s new pick and a confirmation hearing at the Parliament was delayed, pressure built and eventually told on Budapest to withdraw Pașcu’s candidacy. In a Facebook post on Wednesday morning (11…

Read More