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Spain looks at eviction reform after homeowner jumps to her death as bailiffs arrive

Posted on November 12th, 2012 at 16:22 by Sueyourdeveloper in category: News -- Write a comment

Quote

Spain’s top parties will tackle eviction law reform on Monday after a homeowner’s suicide provoked public fury and accusations that politicians and banks are complicit in de facto “murder”.

Close to 400,000 Spaniards have lost their homes since a property bubble burst in 2008 and the nation subsequently sank into recession, throwing millions out of work and unable to keep up mortgage payments to the banks.

However, the 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 organised by the political elite.

Compassion doesn’t appear on the balance sheet, but no business can function without at least passive approval of the population.

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