Home » Uncategorized » Spain pledges to spare needy from eviction after homeowner jumps to her death as bailiffs arrive

Spain pledges to spare needy from eviction after homeowner jumps to her death as bailiffs arrive

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Reblogged from Financial Post | Business:

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MADRID — 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.

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