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The 19th edition of our Ekonomi Gerizan series is entitled "Crisis and economic agents: an evolving global framework". When work began on this series just under a year ago, it would have been hard to imagine the catalogue of events that has since unfolded. And yet the analysis on which the choice of content for this series was based not only remains valid but has been confirmed by these events.
In 2011, the proportion of consumers in debt (29.7%) fell below the 35% threshold for the first time in several years and correspondingly a third of Basque homes currently held some type of loan. One in four Basque consumers (25.2%) held mortgage loans, a percentage which was just over 5 percentage points lower than the average for the last three years, while the proportion of holders of other types of loans (7.4%) remained almost the same in relation to the two previous years.