CIVIC LANE Spain's Euribor benchmark rose to 2.95% in August, its highest level since September 2024. Variable-rate mortgage holders can therefore face noticeably higher monthly repayments. Interest rates help control inflation but impose particularly concentrated costs on indebted households. Governments could help borrowers directly, regulate mortgage restructuring or leave banks and customers to negotiate privately. The controversy concerns how much society should protect households from monetary-policy consequences.