Spain Promises to Spare Needy from Eviction After Suicides

Nigel Davies
Reuters
November 12, 2012

Spanish Economy Minister Luis de Guindos promised on Monday that no needy family will go homeless over mortgage arrears, responding to public fury at a homeowner’s suicide as she was being evicted.

Facing accusations that politicians and banks are complicit in de facto “murder”, Spain’s banking association said its members would suspend eviction orders for two years for those borrowers worst hit by economic crisis and record unemployment.

[...] Last Friday’s suicide of 53-year-old Amaia Egana has inflamed a public already angered by what they see as a lack of compassion among Spanish banks, many of which have benefited from taxpayer-funded bailouts organized by the political elite.

Egana, a former Socialist councilor in northern Spain, jumped to her death from her fourth-floor flat as bailiffs were trying to evict her under foreclosure laws.

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This article was posted: Monday, November 12, 2012 at 5:51 pm

Tags: economics, financial, foreign affairs

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