Social Pact I: vowing 30-year housing loans

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A hardly serious proposal

Argentine administration is trying to refloat housing plan.

However, it's utopian to talk about mortgage loans in 30 years time when nowadays no fixed-rate credit is granted at more than 90 days.

The only alternative will be to resort to state rate subsidy or to channel those vows through public banks, at a loss, obviously.

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