2 March 2013

SPAIN'S BANKS SUSPEND EVICTIONS


SCRIPT
These protesters welcome the decision of Spain's major banks which have suspended the evictions of the most financially vulnerable.

Spain’s top parties have also agreed to rethink eviction law after a homeowner jumped to her death while the bailiffs were trying to kick her out, provoking national outrage.

The president of the Spanish Banking Association said "Those with a serious illness, with addiction, the elderly and those with children, all of those will be affected by this move "

Four hundred thousand Spaniards have lost their homes since the property bubble burst in 2008 and house prices have fallen 30 percent, meaning even many of those who sell their homes remain indebted.

"This has been the situation for a long time and never before has the government made ​​a decision". "That the Prime Minister did all now needs highlighting, and thanks also to the government for their sensitivity," (Mª Dolores de Cospedal)

As the news came out dozens of protesters were gathered outside the People's Party headquarters, trying to force home the point that evictions need to be stopped as unemployment rose to 25 percent in the third quarter - a record high.

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