Bad credit direct payday loans -I need a loan today from a direct lender

I need a loan today from a direct lender


Many people think that borrowing is difficult, especially in these times. This idea is often based on the fact that they were rejected by the bank for a loan. Banks must be very strict and therefore many people are rejected for a loan. But if you need money quickly, for whatever reason, there must be a possibility to get money quickly. When you can not borrow money from friends or have a savings account, you can go to online mini loan providers, despite whether you have a pay slip or not!

So a payday loan direct BridgePayday.com is a special type of loan that you take out online. This loan allows you to borrow small amounts, from 50 to 1000 euros, and to receive them quickly on your account. That way you do not have to be in financial trouble anymore! To close these loans you only have to sit at the computer. There is no strict selection procedure and therefore you do not have to come by appointment or send papers. As fine as you are looking for a way to take out a loan without too much hassle. Borrowing 600 euros of money means you still have to leave the house today!

Borrowing 600 euros is possible 24 hours a day

Thanks to the fact that you take out these loans online you can make your loan application 24 hours a day. So do you remember at night when you’re on the couch that you’re not going to make it this month? Or do you think on the weekend that you can use a little extra? You can immediately make your loan application to arrange it. In addition, a loan application is made in 5 minutes and it does not cost you any further effort. So a mini-loan is by far the easiest way of borrowing!

Borrowing another amount than 600 euros 

Of course, 600 euros is not the only possible amount that you can arrange! You can choose the amount of your loan yourself, as long as the amount is between 50 and 1000 euros. You can then decide for yourself what you want to do with the money. So it may be that you want to purchase a new washing machine for 350 euros, that you want to book a holiday with 600 euros or that you have your car repaired for 950 euros. We advise you not to borrow more than necessary, because you have to have the money back at your disposal relatively quickly because of the short duration of mini-loans.

Borrow a loan for 600 euros 

Are you looking for a way to borrow 600 euros? It is so arranged! Follow the next five steps and you’ll have money in your account within 10 minutes!

1. Search online for mini loan providers
2. Compare the providers with each other and read the conditions carefully
3. Complete the online application form and indicate how much you would like to borrow
4. Wait for the SMS to confirm
5. The money is on your account 10 minutes later so you can spend it immediately!

How is the interest on the Payday Loan charged?

When there is no money to fulfill a dream or pay the bills, the Payday Loan fits like a glove. After all, it is a credit with an interest rate lower than expensive options like overdraft and revolving credit card and more transparent: you know exactly the interest rate and the Total Effective Cost (CET) of the operation.

But today our conversation is about this first value: how is the interest on the Payday Loan charged? First of all, remember that there are two ways to calculate interest. There are simple interest rates, whose calculation involves only a multiplication, but also compound interest, which increases at a higher rate because they are calculated on the amount borrowed plus interest from previous months. We have already explained the difference in the calculation between simple and compound interest in this other post.

Payday Loan interest is compounded, but calculated in a third way, by the installment system. In “financiers”, it is the famous PMT formula. But before explaining it, let’s understand everything that goes into it.

How is the interest on the Payday Loan charged?

Payday Loan charged?

The PMT, the final result after the calculation, is the portion you will pay on your loan. One of the advantages of a Payday Loan, in fact, is that it has a fixed installment, causing no surprises for the consumer.

The CET, the final cost of the loan. To make it easier, let’s consider that in this example it is 5% per month.

PV is the present value, that is, how much you are borrowing. In the example, let’s consider a person who took $1,000.

Finally, there is still on, which means the number of installments you will have. For example, let’s assume that the loan will be repaid in one year, that is, 12 times.


Understand the PMT formula

Payday Loans

Now let’s go to the PMT formula to understand how the interest on the Payday Loan is charged, but don’t be alarmed. All calculations are possible to be done in a calculator or in Excel. In addition, we have a bonus tip from the Guiabolso simulator that already calculates all of this for you.

Translating, the PMT (monthly installments of the loan) will be equal to the PV (amount borrowed at the beginning of the contract) times an amount.


Bonus tip: simulate and plan your loan


In the Guiabolso app, it is possible to simulate the loan before hiring it. In short, just go to the “Loan” tab and enter the amount you want to borrow from one of our partners and the payment term. Then, the simulator shows you the exact value of the monthly installments. It is also possible to do the simulation on the site.

In addition, the platform also allows you to plan how much you will pay on the installment every month. If you put these and other expenses in the planning, it is easier to see how much will be left at the end of the month or if it is necessary to reduce some other expense to account for the portion.


What interferes is the interest rate?

loan rate

The interest is nothing more than the remuneration you pay for borrowing money. In other words, it is the “gain” of the bank or financial institution for lending you the amount.

Therefore, a lot of information interferes with the definition of this interest because it represents the risk that you have to pay (or not) that loan. In short, the more risky your profile, the higher the interest rate.

Features such as payment history, income, types of income (fixed or change depending on the month), types of expenses, among others are taken into account when calculating your score (score) and, consequently, the size of interest.

To calculate the CET, the final cost you will pay on the loan, other variables also enter, such as the bank’s own cost of operation and taxes.

Small loan for pensioners.

Ideal for pensioners

Ideal for pensioners

  • Start your credit request now (this does not result in a contract).
  • After checking your request, the money will be in your account after 4 days.
  • All you have to do is accept our offer. If not, then not. No catch, no upfront costs.

Consumers perceive a loan of a small amount as a small loan, financial institutions also use this loan partly for low loan amounts, but partly as a general synonym for consumer loan. In addition to the recipients of retirement income from the statutory pension insurance, recipients of a disability pension are also among the pensioners.

The small bank loan for pensioners

The <a href=small bank loan for pensioners” width=”640″ height=”426″ />

In many cases, the household bill shows that an old-age pensioner can properly repay his small loan for pensioners. In addition to the pension from the statutory pension fund, receiving a development pension (Riester pension) is widespread, and more and more people are receiving payments from a company pension scheme. The recognition of the private supplementary pension for the household bill is inconsistent since it is often paid out every two or three months and is therefore not considered a regular income for all credit institutions.

Recipients of low pensions with additional income from private pension insurance choose a credit bank as their counterparty for their small loan for pensioners, whose household account also takes into account fixed income that is paid out at monthly intervals. Recipients of an invalidity pension are more dependent on the valuation of their private pension insurance than retirees, since the low amount of their pension makes it difficult to take out bank loans.

The reluctance of lending to retirees to retire more than on retirement income is due to the risk of default from the death before full repayment. The likelihood of a loan being rejected for reasons of age can be reduced by the customer securing the small loan for a pensioner with residual debt insurance. Alternatively, the surety is possible through the later heir, this will be recognized by the case law despite the emotional bond if the surety amount is covered by the expected inheritance.

A private small loan at retirement age

A private small loan at retirement age

A sensible alternative to a bank loan is the private small loan provided for retirees via a placement platform. For legal reasons, a licensed commercial bank acts as a formal lender on the relevant platforms. This bank is also responsible for the practical processing and thus guarantees the anonymity of the users among themselves.

The private lenders registered on the respective platform make the actual decisions regarding the granting of small loans. These are open to a small loan for retirees, since many members put social criteria in the foreground when granting loans and consciously support projects that are difficult for bankers to get a small loan from banks.

Loans with negative Credit bureau.

According to the definition of credit protection, a negative Credit bureau contains at least one open negative characteristic. Most consumers and some banks also find Credit bureau information with a completed negative entry to be bad, even if Credit bureau itself classifies it as neutral.

Borrowing despite the negative Credit bureau

Borrowing despite the negative Credit bureau

Many consumers believe that an application for a negative Credit bureau loan would definitely be rejected. This is not necessarily the case, because various financial institutions check each individual case and agree to grant a loan in the event of poor Credit bureau if the applicant’s financial situation has improved noticeably in the meantime. Another way to get a loan with bad Credit bureau information is to provide a guarantor or borrow with another applicant.

Since credit institutions have to make significantly higher demands on the creditworthiness of the supporter than in the case of a joint loan application, they often prefer to apply jointly. If consumers have credit lines granted before the negative Credit bureau entry was forfeited, they can use them again at any time.

A new request will only be made in exceptional cases or if the customer requests an increase in the credit line. In addition to classic banks, a negative Credit bureau loan can be taken out via private loan brokerage websites. For social reasons, the investors working there as lenders largely prefer credit requests from people to whom banks are reluctant to grant a loan.

Borrowing without Credit bureau

Borrowing without Credit bureau

In addition to a loan given in spite of the negative Credit bureau information, a loan with a negative Credit bureau can also be taken out with a bank loan without a credit rating request from the German credit protection agency. Appropriate loan offers are made by banks from Lidemer and Switzerland. You pay the corresponding loans in USD and not as foreign currency loans so that the borrower does not have to bear any exchange rate risk.

The creditworthiness of the banks that grant no loans is checked mainly on the basis of regular income, the amount of which must be greater than the exemption limit. In addition, they make an inquiry to the Lite lender , whose database, however, only includes loans taken out from federal banks. The loan amount for a federal, Credit bureau-free loan is limited to 3500 to 5000 USD, higher amounts can only be applied for through an intermediary.

Lightning credit for trainees – Choice of loan providers

If a trainee needs urgent money and wants to cover it with a loan, then implementing the borrowing is not easy. On the one hand, trainees do not yet have sufficient creditworthiness, since only minimal remuneration is paid for the activity during the training, which does not allow a loan to be paid. In addition, the professional future of the trainee is still uncertain – and with it the repayment of the loan. Nevertheless, there are opportunities to implement the lightning credit for trainees. birchwoodtours.com for more.

Applying for a loan from the house bank

Applying for a loan from the house bank

Applying for the loan for trainees at the house bank makes sense if the trainee is at the end of his apprenticeship and can also already have a guaranteed and written confirmation of the transfer to a permanent employment relationship. If these conditions exist, the house bank can also be open to a lightning loan for trainees. However, this loan is generally limited to a few thousand USD and is of course only granted if the trainee does not yet have any negative Credit bureau entries – for example due to unfulfilled cell phone contracts.

The loan from abroad

The loan from abroad

Due to the possibilities offered by the Internet, it is now also possible for trainees to obtain a lightning credit. The solution then lies in borrowing from a foreign credit institution that does not query Credit bureau or enter the loan into Credit bureau. However, the loan amounts here are limited due to the higher risks due to a lack of Credit bureau queries and the low income that the trainee has at his disposal. As a rule, the loan amount for the flash loan for trainees is around 2000 USD.

Borrowing with guarantors

Borrowing with guarantors

The simplest and also cheapest solution for the lightning loan for trainees is borrowing with a guarantor. In this case, the guarantor secures the trainee’s credit with his or her own income or assets. The advantage for the trainee is that he is much more flexible in terms of both the loan amount and the choice of loan providers than without a guarantor.

This enables the trainee to take advantage of particularly cheap current offers from established providers for the lightning loan. With this loan solution, too, you should keep the amount as realistic as possible so that you don’t end up with negative Credit bureau entries in your professional life.

Confused about calculating Lontiflex family interest? Here’s the way!

When deciding to apply for Lontiflex family funds, you certainly need to know & understand the system that applies, starting from the type of interest, the amount of installments to the amount of interest you have to pay each month. We may be familiar with “interest”, but many people still don’t know how to calculate Lontiflex family interest which is actually not that difficult. How to calculate interest on loans is important to do before borrowing funds. Because by calculating Lontiflex family bank interest, you can adjust the income you get each month, with the money you have to spend each month to pay the installments.


How to calculate Lontiflex family interest

Each type of Lontiflex family has a way of calculating different Lontiflex family flowers, even if they have the same interest rate. In general, there are 3 types of ways to calculate Lontiflex family interest, namely flat interest, annuity interest and also effective interest.

Flat Interest Rates

Flat Interest Rates

Calculation of flat interest rates is a way of calculating Lontiflex family interest which is the easiest compared to other interest rates, because the method of calculating Lontiflex family interest will be the same every month. Flat interest rate refers to the initial debt amount. Flat interest rates are also known as loan interest rates and interest rates are calculated according to the specified credit period. Generally, this interest rate is used for Lontiflex family loans without collateral / collateral.


Effective interest rates

interest rates

The effective interest rate is the Lontiflex family interest which is carried out at the end of each installment period, JULOvers. So, how to calculate Lontiflex family interest is calculated from the final balance of each month or based on the remaining debt principal. So, the portion of interest and principal in the monthly installments will be different and will decrease every time, but the amount of the installments will still be the same. This interest rate is usually used for mortgage installments.


Annuity Interest Rates

Annuity Interest Rates

Finally, there is an annuity interest rate. So, this annuity interest rate is actually a modified effective interest rate. The aim is to make it easier for customers to pay installments each month, because what is different is the composition of interest and principal installments only for each period. Interest every month will shrink, but the principal installments will increase. So, the monthly installments are the same, which distinguishes only principal and interest. Burdens at the beginning, lightens at the end because the nominal is getting smaller. How to calculate Lontiflex family interest annuity rates equal to effective interest rates.


36000 euro credit – tight rate – from 313 euros a month

Would you like to select and apply for 36000 Euro credit directly from over 20 offers? Or are you still sniffing and looking for information? In both cases, it is the right web page.

Choose your loan, 36000 euros “freely usable” directly from the credit comparison. Or use our information service. Tips that will help you to get higher credit easier, faster and at lower interest rates.

36000 Euro credit – for purchases

36000 Euro credit - for purchases

Already with the use of credit, 36,000 euros is also a “jingle money” for banks, applicants set the course. Relatively easily the bank gives the commitment, if for it a material value is acquired. For example, at 36000 euro credit a car or a small lot. The tangible value of the loan guarantee serves up to the mortgage lending value.

When buying a car, to stay in the example, she lets the vehicle “over-protect”. This is basically part of the bank for a while. But only until the debt has been paid off. In addition, only proportionately up to the amount of the remaining debt. Similarly, a land registry entry would also secure the purchase of a property on credit.

The advantage for the borrower lies in the easier credit check. Its reputation as a safe payer only covers the difference between mortgage lending value and loan amount.

Credit, 36000 Euro – freely usable

Credit, 36000 Euro - freely usable

For freely usable loans, the use of the money is not necessarily intended for purchase. 36,000 euros of credit should flow, at least in large part, into the summary of existing debts.

Typical combined uses would be:

  • Disposable compensation
  • Pay the final installment of an old car loan
  • Compensation of existing installment loans
  • Payment of current bills
  • Also still (on a smaller scale) a new purchase

Apart from perhaps the car letter, depending on the age and condition of the vehicle, the loan is unsecured. To allow the bank to approve, either another existing paid asset must secure the loan. Alternatively, the earned income can be so high and secure that secure lending is possible.

For credit, 36000 euros freely usable, the bank calls without any collateral backup, the support of a second borrower. The guarantor or co-applicant must also be considered solvent.

Credit comparison 36000 Euro – 84 months maturity (7 years)

Credit comparison 36000 Euro - 84 months maturity (7 years)

Loan comparisons call interested parties so that their personal loan is granted as cheaply as possible. Interest-favorable loan, 36000 euro with 84 months running time, is nevertheless not cheap for all citizens. Banks are risking the interest costs. In first place is displayed – comparison of 36000 Euro credit 84 months term – the offer of the Scotbank.

From 1.95 percent APR up to 4.85 percent APR, the bank calculates for its loan. With such a range, it is difficult to judge what your own interest rate would be. The example according to Sendio serves this purpose. It shows at what conditions at least 2/3 of the bank’s real customers pay for the offer.

At 36,000 euros loan – 7 years term – at the Scotbank, thus 3.85 percent APR.

Tip for “normal citizen”

With average good credit rating, always compare to Sendio. Anyway, the top interest rate will only be granted to banks with top credit ratings.

36000 euro credit – despite independence

36000 euro credit - despite independence

It is particularly difficult for self-employed and freelancers to obtain a loan. In comparison, freelancers, for example, find what they are looking for at Barclaycard. In this case, the loan cost 36,000 euros 84 months duration according to Sendio 4.15 percent APR.

36000 euros – in difficult cases

36000 euros - in difficult cases

36,000 euros credit, 84 months of maturity, applicants get – especially when rescheduling – not always easily approved. The recommendation of many mediators for difficult credit, 36000 Euro 7 years to 12 years term, is extra-credit. 

According to Sendio, the bank calculates credit for 36,000 euros, 84 months, 9.12 percent APR. Thus, the monthly rate is 574.82 euros. As a total repayment are calculated for the loan, 36000 euros net loan – 7 years term, thus 48.285,27 euros. All in all, this equates to pure borrowing costs of 12,285.27 euros.

Credit despite minus on the account

To take a loan in spite of the minus in the account

To take a loan in spite of the minus in the account

If the account is not balanced, then this is always a very unpleasant situation. Especially if additional money is needed and this can not be found by the existing overdraft on the account. Many sufferers then consider whether they should let the account slip even more into the minuses. It would be better, however, to take a loan in spite of the minus in the account. This not only makes the planned acquisition possible. It can also be offset the minus in the account, so that no unnecessarily high penalty interest must be paid on it.

How should it be done?

How should it be done?

So that the minus on the account does not even become a problem, the loan should be applied for as soon as possible. Because the earlier you react, the less pressure makes the house bank regarding the account balance. If you wait too long, the bank can block the account until the settlement has taken place. In such circumstances, however, it is very difficult to take out the loan, despite the fact that the account is down, as each bank will ask why the account is blocked and then no longer lends.

Before a suitable loan offer is sought, it must be considered how high the loan amount should be. Which acquisitions or plans are associated with borrowing? What are the debts on the account? Are there any other outstanding liabilities that should be included in the loan despite a negative balance?

Anyone who can repay all debts with the loan, has in the end only one creditor, with whom he must agree on the repayment. Namely the bank, which provides the desired credit despite a negative on the account.

The credit bureau counts

The credit bureau counts

Many consumers are afraid that the minus leads to the account for the credit rejection. But this is not the case. Because if the minus is well controlled and has not had a negative impact on the credit bureau, there will be no problems with it. Not even when bank statements have to be submitted for borrowing. Because here is usually only seen how the revenue and expenditure over the month distribute. A negative account balance is not interested because once.

Do not take up at the house bank

Do not take up at the house bank

Despite all this, it is not very smart if the loan is taken despite negative minus in the account directly at the bank, where the minus exists in the account. Moreover, if this is to be compensated with the help of the loan.

The bank usually earns quite well on an overdrawn account. Because the effective interest rate for the Dispo is very high. If this is balanced, the bank drops this source of income. It will therefore have little interest in providing a particularly favorable loan for the settlement and purchase of the planned objects.

It is better to take the loan from an independent bank and look for the right loan offer by means of a comparison on the Internet. A loan calculator helps with this comparison and displays all daily offers that match the search.

Loan for 18 year olds

The completion of the 18th year of life is the basic requirement to obtain a loan. However, this alone is not enough, because not all adults are creditworthy. Whether they are depends on their credit rating, which can be very different in part. Two factors have a special meaning here. This is the income and the credit bureau information. However, the latter only plays a role if the credit for 18-year-old is to be taken up at a German bank. However, a sufficiently high income is indispensable in every case.

Whether a person is creditworthy at the age of 18 depends crucially on whether you are already working, still in education or student or student. Working people, according to experience, have a much easier time getting credit than other people, no matter how old they are. In addition, income must be at a level that justifies lending. Exceeding the attachment exemption limit is the minimum criterion, which a credit applicant must fulfill.

loan comparison

loan comparison

Not only is it possible to take out a loan from a bank based in Germany, but also a loan abroad or from a private person. In addition, the borrower has the choice whether he or she would prefer to seek a loan by himself and make the application or seek the help of a private credit intermediary. 18 year olds often do not yet have the necessary overview and in many cases have little knowledge of financial matters. It is therefore all the more important that they obtain comprehensive information before deciding to take out a loan for 18-year-olds.

The first point of call for a loan for 18 year olds may be the house bank. In addition, it would be advisable to compare several offers. This is most likely to happen on the internet. 18 year olds usually have a good affinity to the internet. For them, when compared to older people, it is often self-evident that they first search the Internet before consulting other sources of information. They can also take this route when looking for a loan.

A credit comparison is quick and provides reliable information about the current loan offer and the terms of each bank and private lender. In addition, a loan calculator can be used. This allows you to enter specific search criteria that correspond to your personal wishes. The more precise the search is designed, the more likely it is to find a loan for 18 year olds that is optimally tailored to the needs of the 18 year old borrower.

Installment and disbursement loans

Installment and disbursement loans

Installment loans are the most common forms of credit. They have the advantage that the customer can use the money freely and that at this point there are no stipulations from the bank. In addition, the entire loan amount is basically paid out in one sum and is then immediately available. The repayment begins at an agreed time. Either the first repayment installment is due within a few days or one month after the loan is disbursed, or the customer is given a payment break. How long it is depends on the bank’s requirements. The monthly loan installments are consistently high during the term and usually do not change. Deviations are recorded by contract.

As soon as 18-year-olds have their own account with regular incoming payments, there is usually nothing in the way of setting up a credit line. If you are still in education, you will only receive a minor credit line, while a person with salary or wages can receive a significantly higher credit line. The details are individually regulated. A credit line is available at any time wholly or partially, but should not be constantly maxed out. This is especially true for 18-year-olds, who often still have to learn to handle money properly. At least in the medium term, all sums of money with which the checking account is overdue should be repaid. Otherwise, it would make sense to think about a rescheduling and receive a installment loan.

auto loans

auto loans

Many 18 year olds want to finance their first car. Not everyone has the opportunity to fall back on the support of parents or other relatives to the extent that a loan for 18 years completely unnecessary. Often the financing is a mixture of different variants. If the relatives are willing to contribute in part to the cost of the car, a down payment can be made. This makes it possible to reduce the amount of credit needed for the car.

A loan for 18 years to finance a car can be applied for at any bank offering such a loan. In addition, a loan from the dealer is possible. Before deciding on a loan for 18 year olds, both options should be thoroughly thought through, information gathered and on the basis of the insights gained then a sound decision for a loan for 18 year olds to be made.

Foreign loans

Foreign loans

A loan for 18 year olds can also be a loan from abroad. This is usually a loan issued by a bank based in Liechtenstein. If the income amounts to at least 1150 euros net per month and the 18-year-old has a work experience, there is generally nothing against a loan from abroad. However, the current employment contract must already exist for 12 months. Apprentices or students are therefore not eligible for borrowing abroad. It plays with a loan from abroad but does not matter, whether negative credit bureau entries are present, since a credit bureau information here is not requested in principle.

Foreign loans are essentially available in three variants. The loan amounts are 3500 Euro, 5000 Euro or 7500 Euro. The term is usually 42 months, with two repayment-free months after loan payment. For a foreign loan, it is imperative that the applicant is at least 18 years old. In addition, the German citizenship and a residence in Germany must be proven.
The application for a loan for 18 year olds from abroad can be made on the internet. There is no need for traveling abroad. The interest rates are slightly higher for a loan from abroad than for a loan from Germany.

With 40% of the fortunes of the rich in the euro zone would be paid all the debt of their states

With 40% of the fortunes of the rich in the euro zone would be paid all the debt of their states

  • According to a study published by the German newspaper Süddeutsche Zeitung .
  • The German Finance Minister sees “interesting” looking for options for the rich to help solve the crisis.
  • The German Institute for Economic Studies proposes a temporary tax that taxes the great fortunes and the forced purchase of public debt.
Ricos españoles
Spanish rich. ARCHIVE

40% of the fortunes of the rich in the euro area would pay the total debt accumulated by the States that share the single currency, which would balance their finances, according to a study published today by the German newspaper Süddeutsche Zeitung ( SZ).

On the occasion of the debate on the possibility of large fortunes actively contributing to the recovery of the most punished economies in the euro area, the newspaper reveals that the Federal Minister of Finance, Wolfgang Schäuble, considers “an interesting model” to seek options so that the rich make their contribution to the resolution of the crisis.

The solution to the euro crisis must also take into account the reduction of the gap between rich and poor. The discussion in Germany has its origin in the proposals presented by the German Institute of Economic Studies (DIW) in Berlin so that the wealthiest contribute to solve the crisis in the euro area, including the forced purchase of public debt. “Precisely in countries in crisis, these types of instruments are a reasonable option so that private fortunes, partly very concentrated, make their contribution to the refinancing of the State,” said the DIW.

“Depending on the progress in the consolidation of the State that debt can be returned later with their interests, ” according to the DIW, which also proposes as an alternative a temporary tax that taxes the great fortunes. In a statement to the SZ, the manager of the management company of large fortunes Assenagon, Jochen Felsenheimer, says that “the logical reaction of the rich is economically wrong” before the option that they are forced to contribute in some way to resolve the crisis .

He adds that “in the last decades welfare has been transferred at the expense of all to a few” and therefore the euro crisis is not a debt crisis in the classical sense, in which the ability to pay an economy is questioned due to its low performance. It is rather a distribution crisis between the different economies, but even more so between private persons and the public sector of each State, warns Felsenheimer, who considers that these aspects have not been considered with sufficient attention until now.

We are seeing at the same time private wealth and public misery In his opinion, the solution to the euro crisis must also take into account the gap between rich and poor, which always precedes a crisis, which not only helps the State but also it’s fair. “We are seeing both private wealth and public misery,” comments Jörg Krämer, chief economist at the Commerzbank financial institute in SZ. He cites the example of Italy, where private households accumulate a fortune of 175% of the GDP , while the state debt rises to 120%.

He adds that if the Italians had to pay 15% of property taxes their fortunes would fall to 150% of GDP, but at the same time the State would reduce its debt below the critical 100% . “I do not understand how it is not carried out,” says Krämer, for whom “Italy needs clear signals and its reform process languishes despite the fact that its head of government, Mario Monti, lets himself be celebrated as the great reformer”.

However, the director of the institute for economic studies in Hamburg HWWI, Thomas Straubhaar, believes that forcing the rich to buy state debt or taxing their fortunes with extraordinary rates are hardly applicable measures . Straubhaar is in favor of optimizing the collection of taxes, closing all gaps to the wealthy, and introduce a progressive tax system that is more serious to the strong with higher incomes than the weak.