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  • Spanish entities participate in 943 R & D & I activities and lead 101 projects

  • It is ranked as the fifth country that receives the most funds from the EU28 after Germany, the United Kingdom, France and the Netherlands

Spain has obtained 553.3 million euros in the first 73 calls submitted for the European research and innovation program, Horizon 2020 (2014-2020). This figure represents 9.5% of the resources granted in competitive competition so far, which places Spain as the fifth recipient of EU aid28 after Germany (17.7%), United Kingdom (16.4%), France (11.6%) and Holland (9.6%).

The Spanish entities -universities, organisms and research centers, companies, technology centers or foundations- have obtained funding to participate in 943 R + D + i activities. In addition, 101 projects (15.7% of the EU28) will be led by Spanish institutions, which is very beneficial because it allows greater returns and a better strategic positioning to generate knowledge.

In the VII Framework Program (2007-2013), Spain, with an 8.3% return, came close to compensating its contribution to the EU budget (8.9%), occupying the sixth place in the EU28. And for the first time a large number of projects were led (10.5%).

The Secretary of State for R & D & I, Carmen Vela, stressed that the data from both programs “reflect the quality of the Spanish system of science, technology and innovation. For Horizon 2020, we had set a goal of 9.5% return and 10.5% of projects led; for the moment we comply with a note. Our participation curve in Europe in recent years is clearly upward. ” Vela also recognized the important role that the Center for Industrial Technological Development (CDTI), the European Office and other agents and structures that work to enhance the Spanish presence in European R & D & I programs have in these results.

In Health, an important area with a large endowment, Spain has gone from obtaining 5.5% of the European funds of the VII Framework Program to the current 9% (51 M €); Energy continues to improve and goes from 11% of the previous program to the current 13.1%, being the second country by return. In Nanotechnology, Materials and Manufacturing (from 11.1% to 15.2%) or in Space (from 8.1% to 11.2%) the jump has also been important. Regarding the SME Instrument, very important in Horizon 2020, Spain appears as the second country by return (13.3%).
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The European Research Council (ERC for its acronym in English) has also increased its aid to Spain. In 2014, Spanish institutions achieved 22 Starting Grants (for the 14 of 2013) and 32 Consolidator Grants (for the 20 of 2013). The Advanced Grants are missing.

Spanish companies are still the ones that bring more resources from Europe, with 33% of the total, while universities get 23.4%. As for the entities that have obtained the most projects, the Higher Council for Scientific Research (CSIC) stands out, with 71 projects of which 36 leads, followed by the Tecnalia Research and Innovation Foundation, with 45 projects and 7 led, and Pompeu Fabra University, with 21 projects and 13 led.

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Ready lie | Loans Quebec

Image result for lie loanThe term “lying loan” has become synonymous with the housing bubble and the collapse of the market in the 2000s. And although we would like to believe that these loans do not exist in Canada, the reality is different. So, what is a “lie loan”? How does this affect the Canadian economy? And why would anyone want to get this kind of loan? The next reading will give you answers.

What is a “lie loan”?

A lie loan is when either the borrower, the loan broker or the lender lies about the potential income of the borrower. This is a “lie loan” because someone lied. Contrary to what you might think, some mortgages do not require a lot of checking. These are loans with little or no documentation required. The borrower’s approval is based primarily on his credit rating and payment history. Since these loans do not require much documentation, people take advantage of this and exaggerate their current income.

Potential borrowers lie about their real income and the amount of property they own in order to get bigger loans and buy the house that they otherwise would not have bought. In addition, it is known that lenders and loan brokers often overlook these differences (between reality and lies) in order to obtain their commissions.

Loan based on your income

Any mortgage that is solely based on your income (loan with little or no documentation) are false loans. Because of their lack of verification, these loans often allow false loans to be approved.

In this kind of loan, the borrower is only asked to provide his income which, worse still, is not even verified. This opens the door for abusive borrowers who will lie about their income in order to get an even bigger amount.

Ready with little or no documentation

Be aware, however, that not all loans with little or no documentation are false loans. In the case of lying loans, the lender will sometimes not even ask for income or property in the hands of the borrower.

Why would a borrower want a lie loan?

After this reading, you may be wondering why would someone want to have a lie loan? Although everyone has their reasons, the majority of people do so to be able to buy a more expensive home or to buy what they want but can not normally afford. However, some trends can be observed:

  • The borrower does not have enough income to buy the house he wants
  • The borrower tries to hide his real income from his spouse or the government
  • It is in the interest of the borrower to lie in order to obtain better repayment terms

Long-term consequences

Image result for long term consequencesThere are several reasons why no one should opt for these loans, but the most important reason is the long-term consequences. When someone is lying on his income in order to get a loan that he / she can not really afford, he / she makes a bet with the future, an uncertain and unpredictable future.

  • A job loss, health problem or any other emergency can prevent you from repaying the loan in the future. Once this happens, the person realizes the size of his loan and can not pay it.
  • People are often advised to refinance their mortgage in the future. But what happens when these people make important financial decisions in the hope that they will be able to refinance their mortgage or use the residual value to repay the debt? Imagine that the real estate market is falling and the house is not even worth the price of its purchase.

As a result, the real estate market is becoming a mess, thousands of people are no longer paying off their mortgages and more people are left with more loans and fewer resources to pay them back.

The current risk

In 2015, the Bank of Canada made it clear that the biggest risk to the Canadian economy is growing household debt. One thing we can be sure of is that the future is unpredictable, especially for those who rely too much on credit.

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Canada Student Loans Programs

Image result for Canada Student Loans ProgramsAs most of us already know, Canadian students are constantly reminded of the privilege of being able to benefit from world-class, low-cost education. Without a doubt, compared to our neighbors to the south, the United States, the cost of education in Canada is largely subsidized by the Canadian government. Nevertheless, that does not mean that education is free or even affordable for many Canadians.

In fact, according to Statistics Canada, about 50% of Bachelors, 44% of Master’s students and 41% of PhD students use some form of student loan to pay for their studies. Many will argue that the debt required to pay for education is much lower in Canada than elsewhere. Honestly, the average amount of student debt accumulated on graduation is $ 28,000. The reality is that by completing a 1st or 2nd cycle program, most students will spend the first year of their full-time job paying off their debt. In addition, the majority of these students can not afford to participate in unpaid internships (which often provide rewarding work experience), thus finding themselves underemployed in a field other than that of their studies, largely because of their lack of experience or simply to find a job as quickly as possible.

Before you want to complete a degree, understanding the current situation of these students is essential in order to organize and prepare your finances. This article will give you an overview of everything you need to know about the government’s loan program and the Canadian stock exchange program.

Canada Student Loans Program (CSLP)

What is the CSLP?

The CSLP is a program available to all Canadians, except in Quebec, Nunavut and the Northwest Territories, which require a student loan. In short, loans are given on a basis according to the financial needs; the Canadian government pays the interest on the loan to the financial institution until graduation. In 2013-2014, almost half a million loans were given to full-time students in need.

Why the CSLP?

These loans do not require repayment until 6 months after graduation and interest begins only once graduated. The program offers students either a fixed interest rate at a prime rate of + 5% or a variable rate at a prime rate of + 2.5%. The prime rate for a student loan is the average of the rates for Canada’s top 5 financial institutions (after removing the highest rate and the lowest rate). Thus, this plan is the most sensible way to avoid a huge accumulation of post-graduation debts. In other words, a quick and safe way to invest for yourself.

What are the requirements

Image result for requirementsTo be eligible for this program, you must be at least a permanent resident of Canada (in one of the participating provinces). You must be enrolled in a post-secondary institution. For a part-time student loan, you must be enrolled in at least 20% of the total course load. For a full-time student loan, you must be enrolled in at least 60% of the total course load. If you are 22 years old or older, you must make a credit assessment. You will need to fill out a loan application form and will need to provide some documents. You can validate this information and find the necessary form on the Government of Canada website.


Loans for Canadian students are limited. In fact, students in cycle 1 can receive assistance without interest only up to 340 weeks and for a period of 400 weeks for students of 2nd cycle. Once these times are up, interest on the loan will accumulate and payments will be requested. Before applying for a student loan, it is important to anticipate the number of years of study required to complete a program. Sometimes, waiting to reach a certain level will be more profitable and affordable.

Refund the CSLP

As mentioned above, the first payment of a student loan is only required 6 months after graduation. The interest is however effective as soon as the graduation. The payment method may vary depending on the repayment structure established with the loan provider. On the other hand, a monthly payment is usually the most common form. In addition, if you are in a precarious situation financially, the Canadian government also proposes a repayment plan for those who need it.

Without a doubt, being organized is the best way to control your finances so you can enjoy peace of mind by investing in your future.

Canadian Studies Bursaries

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What is it about ?

This program offers many Canadian students a grant based on financial need; income and family size are the main factors that determine the amount awarded to students. Generally, bursaries are calculated as follows: $ 250 per month of study for students from low-income families and $ 100 per month of study for students from middle-income families. In addition, for students with disabilities or students with children, the program offers different scholarships as needed. In 2013-2014, a scholarship was awarded to approximately 368,000 students.

Why this program?

The Canadian Scholarship program does not require a refund from its recipients .

What are the requirements?

The requirements of the Canada Student Grants program are similar to those of the student loan program. Canada Student Bursaries are available for part-time or full-time students. To prove that you are in a precarious situation financially is the most important thing. If you are a student in need, do not hesitate to contact or visit the Government of Canada website and apply for the program. Investing in yourself is the first step if you want a better way of life and transforming your future.

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