How can we make it simpler?

What is EURIBOR? And Spread?

EURIBOR (Euro Interbank Offered Rate) is a reference tax that results of the average of the interest rates from Loans made between banks in the Euro zone. Normally, Home Loan contracts in Portugal are index to EURIBOR.

Spread is nothing else other than the percentage that the Bank includes in the interest charged in each Loan. It is, basically, its profit margin.