Philenews
Populism and Payment Defaults Burden Society and the Vulnerable
The situation surrounding loans and their arrangements remains tense, with political promises ahead of elections exacerbating the situation. Citizens who refuse to pay their debts are taking advantage of the election period to demand a suspension of procedures, such as foreclosures. The silent majority, who have found realistic solutions, are overlooked, while some borrowers, who have the ability to pay, continue to avoid their obligations, burdening taxpayers. This creates an unfair game where vulnerable citizens are burdened by the irresponsibility of others.