Spain to halt evictions following suicide

It’s sad that it has taken a few deaths to have the political class take action. They’re working on a plan to stop the evictions but the details have not yet been finalized. It’s always interesting to see how easily the political class will rescue the banks with money but it takes a highly publicized death to get a response for others.

Reuters:

House via Shutterstock

Northern Spanish mortgage lender Kutxabank said it was suspending repossessions after 53-year-old former Socialist councillor Amaia Egana threw herself out of her fourth-storey apartment window in Barakaldo in the Basque Country as court officials came up the stairs to evict her on Friday.Egana’s death, the second eviction-related suicide in Spain in recent weeks, added urgency to an agreement reached on Wednesday between the ruling conservative People’s Party and the Socialists to seek a bipartisan deal over repossessions.

Graffiti accusing bankers of murder and calling for an end to evictions appeared on some bank branches in the Basque Country on Saturday, Spanish media reported.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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  • Hatfield

    Not only are they evicted but they will permanently owe the banks the mortgage, plus interest, plus fees and (from an article in Times) they will be blacklisted from renting. This could have been our future as well.

  • hollywoodstein

    Oh, a civilized country. They probably like great cheese, and wine.

  • ComradeRutherford

    In America bankers welcome suicides of their foreclosed clients. That’s Capitalism!

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