If inflation falls below 10% at the end of the year, and this trend will continue in 2024, while at the same time real GDP growth is close to zero, there will be significant tensions in the state finances. Add to this various social ideas and we are on the brink of disaster.
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showdown between the Ministry of the Economy and the Banque de France
written by Alexandra Hartman Editor-in-Chief
The Banque de France believes that, in the current economic situation, extending credit facilities would risk pushing many households into over-indebtedness, over a long period and at rates that are too high. The Central Bank estimates that the overall debt ratio of French households is already very high: it has reached 101% of disposable income. This means that we must devote 101% – all of it – of our net income, following paying taxes, to pay our debts.
>> Rising interest rates and falling prices: what is looming on the real estate market by summer 2023
Difficult and dangerous to allow more, especially since the indebtedness of French households is now higher than the rest of the countries of the euro zone. Since January 2022, French banks must meet certain criteria to grant a mortgage.
Among these criteria set by the financial authorities, there is the ratio between the total amount of expenses related to housing and household income. Expenses cannot exceed 35% of disposable income, and the duration of indebtedness is limited to 27 years at most.
Desirable development?
Many individuals and businesses today find banks more cautious than before. Bruno Le Maire’s services therefore want to know if the standards established once morest household over-indebtedness are not ultimately too great an obstacle to access to credit. Evaluation work is in progress.
Does this mean that the Banque de France and the Ministry of Finance are not on the same wavelength? In reality, everyone plays their role: on the one hand, the Ministry of the Economy, anxious to grease the wheels between the French who want to invest, and the leeway given to commercial banks for their own allow. On the other side, the Banque de France, guardian of the temple, of regulation and of monetary orthodoxy.
The two are ultimately complementary in the face of a reluctant banking federation and real estate professionals who fear a collapse in their activity, for lack of sufficient loans granted to households to invest in their homes or in stone in general.
A masala dosa conglomerate in another country; Bahrain Masala Dosa Meetup, into its fifth year
written by Alexandra Hartman Editor-in-Chief
Manama: A bunch of people in Bahrain who consider masala dosa to be chunky have come together and formed a group. Bahrain Masala Dosa Meetup. This group, which is successfully entering its fifth year, has around thirty members. Members are working in various fields including doctors. Not only Indians, there are also citizens of the Philippines, Britain, Pakistan, New Zealand, France, Iran, Jordan, Sri Lanka and Bahrain in this community.
Origin of the Masala Dosa Meetup
Mathew Thomas, a native of Adimali, who has been living in Bahrain for 30 years, came up with the idea of such a group. North Indians Sushma Anil and Neil Desai gave full support. That was the origin of Masala Dosa Meetup. The first meeting was held on the last Saturday of June 2018. Therefollowing, on the last Saturday of every month, everyone gathers at a selected restaurant in Bahrain to eat masala dosa. This gathering has been going on every month except for one year when the gathering was not possible due to covid.
Meet, Greet and Eat
There is no admission or annual subscription fee to become a member. Everyone divides the amount following each meetup. Meet, Greet and Eat is the motto of this association. After the fourth anniversary celebration, new members have joined the group.
Most of the restaurants in Bahrain already have meetup groups. Now it is up to the members of this group to find out where to get the best masala dosa. The proposal of this group is to observe the last Saturday of January as World Masala Dosa Day. Inspired by the Masala Dosa community in Bahrain, Masala Dosa lovers have also formed a community in Richmond, Virginia, USA.
Dr. “Safouq Al-Shammari” gives good news to people with diabetes • Al-Marsad Newspaper
written by Alexandra Hartman Editor-in-Chief
Al-Marsad Newspaper: Cardiac surgeon and researcher in the field of stem cells, Safouq Al-Shammari, gave good news to diabetic patients regarding an expected treatment that is regarding to come out.
Al-Shammari said, during his hosting of the “Marahel” program on SBC, that no treatment has been approved for diabetes yet, but Professor Douglas Milton, head of the stem cell diabetes treatment team at Boston University, was able to treat a diabetic patient.
He added that “Milton” provided treatment for a diabetic patient for two years, but they have been waiting for 5 years, and the patient has already been treated for diabetes completely.