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World increase in energy prices: the French are increasingly having trouble repaying their credits

20:00  28 september  2022
20:00  28 september  2022 Source:   lefigaro.fr

Energy prices: Ascoval steelworks halves its production

 Energy prices: Ascoval steelworks halves its production © Getty Images energy price: ASCOVAL STEMPERIED RECOMMENDS IN HALL A production to cope with the flaming of electricity prices , The Steeliness of Saint-Saulve, in the North, will reduce its production by "50 % maximum" from October to December.

Hausse des prix de l’énergie : les Français ont de plus en plus de mal à rembourser leurs crédits © Fedotovatoly/Adobe Stock increase in energy prices: the French are increasingly having trouble repaying their Credits The increase in energy prices has heavy consequences for the household portfolio. Associations alert the governor of the Banque de France to the risk of default.

The energy prices are constantly climbing and they have a strong impact on the household budget. The Abbé Pierre Foundation as well as the Negawatt or Positive Money Europe associations alert on the risk of payment default that the increase in energy prices poses. Les Échos reveal that in a letter they sent Tuesday, September 27, these associations prevent a significant risk of credit repayment.

Manchin Pulls Energy Bill, Warns Putin Will Keep 'Weaponizing' Resources

  Manchin Pulls Energy Bill, Warns Putin Will Keep 'Weaponizing' Resources The Democrat asked Senate Majority Leader Chuck Schumer to scrap his energy permitting bill from a government spending package.The statement posted on Manchin's Twitter account Tuesday follows news that the moderate Democrat asked Senate Majority Leader Chuck Schumer to scratch the energy bill Manchin proposed as part of a short-term government spending package that the Senate was set to vote on later in the day.

According to these associations, the risk of a new crisis is possible if reimbursement defects accumulate. "With the rise in energy prices, households face increasing budgetary constraints which can allocate their ability to deal with their property loan repayment obligations, resulting in payment delays, or even default situations" , Can we read in the letter. Also, associations alert on the serious consequences that could result from this situation: "If the payment defects on the real estate credits took on a systemic scale, the banking sector could be faced with a crisis of financial stability."

to read also energy: significant price increases to plan next year a call for help to the Banque de France

despite the energy shield set up by the government of Elisabeth Borne, the latest figures The Banque de France are alarming. In one year, the increase in registration in the national file of credits for the repayment of credits to individuals peaks at 26 %. This is explained by the fact that households have less budget to repay the credits because of the increase in energy prices.

long -distance trips on the railway are expensive

 long -distance trips on the railway are expensive on time for Christmas traffic, Deutsche Bahn increases prices for long -distance travel. Bahncards 25, 50 and 100 are also more expensive, as the group announced on Wednesday. The supervisory board was previously informed about the changes. © Sebastian Kahnert/dpa train trips in long -distance traffic are becoming more expensive. Accordingly, the railway will raise the so -called flex prices by an average of almost seven percent from December 11th.

Associations have the will to see the banks investing in responding to energy issues . They want energy performance diagnostics (DPE) to be carried out. This study would highlight the sectors to improve to consume less energy. Associations would like banks to grant loans to individuals so that they can improve the energy efficiency of their accommodation. For this, the central bank must take directives in this direction. For Olivier Sidler, member of the Negawatt association: "It will be necessary to make the renovation of housing compulsory, but for this to pass, the financing conditions must be acceptable and households receive the profits the following year. ""

also read the energy prices would double in 2023, "without pricing shield", according to Bruno Le Maire

The U.S. needs a unified energy industry to deal with soaring oil prices, OPEC+ and climate change .
The energy industry and its suppliers should work with other industry's trade associations to develop clear, cohensive energy policy.The real issue around gasoline prices and the costs of all types of energy is that the U.S. has no clear, coherent and consistent energy policy.

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