“Banks can use the loans as collateral for refinancing with the ECB official rate. So do not justify the application of a higher spread for contracts coupled to the ECB rate. ” “In Europe – Bini Smaghi said – the credit is based on the banking system and banks are in good condition may return to financing the real economy. We must not however forget that the current crisis was caused by a phase of interest rates brought about very low levels for too long. ”
Why this waiting in the fall?
Now this is finished, but I think in 2009 we will see the improvements and will also be significant.
As for oil but the price drop down does not seem to me always equated to the speed of rise.
Perhaps my impression is only due to the fact that when you pull the strap each notch is always more painful, and to enlarge my case there.
We will see whether in practice in 2009 we have this significant decline.

Since 1 January with the new legislation Tremonti all banks will have to adapt and create a product that is based on this rate.

Unfortunately for the banks, the risk is greater and consequently the spread salt.

This is the case of Poste Italiane and on mutual bce apply a spread equal to 2.25%, compared with 1 .25% of loans linked to euribor. The same fate with Intesa-Sanpaolo, which revealed a spread of 2.15% on loan bce, against an average spread of 1.5% on loan euribor.

As often happens, the situation does not change much.
Also finished this period of low interest rates, the cost of borrowing will start the ascent.
So where is the convenience?
The rate stability.
While the Euribor interest is quite volatile, which has rapid ups and downs, the ECB rate is more balanced.
We choose the rate to go by.