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In reply to the discussion: STOCK MARKET WATCH -- Monday, 12 November 2012 (Holiday -- US markets closed) [View all]xchrom
(108,903 posts)48. Police union to support officers who refuse to carry out evictions{spain}
http://elpais.com/elpais/2012/11/12/inenglish/1352728867_381049.html
The suicide of a Basque woman just minutes before she was to be kicked out of her foreclosed home has led to a temporary freeze on all evictions by Kutxabank, a merger of three Basque banks. Another regional lender, Caja Laboral Ipar Kutxa, previously decided to do the same.
Public protests against the banks grew in intensity on Friday, after Amaya Egaña's death was reported by the media. Thousands of people took part in a spontaneous march in Barakaldo, the town where the former Socialist councilor lived, and over the weekend several bank branch offices were spray-painted with the word "Murderers."
In a two-paragraph press release, Kutxabank chairman Mario Fernández said he had "issued instructions for the [bank] to immediately suspend all eviction procedures" until new information emerges on mortgage legislation reform being hammered out jointly by the ruling Popular Party and the opposition Socialists.
But Banco Popular chairman Ángel Ron warned that a legislative change would end up "rewarding" defaulters, harming the majority of mortgagees who pay religiously, and hindering economic recovery.
The suicide of a Basque woman just minutes before she was to be kicked out of her foreclosed home has led to a temporary freeze on all evictions by Kutxabank, a merger of three Basque banks. Another regional lender, Caja Laboral Ipar Kutxa, previously decided to do the same.
Public protests against the banks grew in intensity on Friday, after Amaya Egaña's death was reported by the media. Thousands of people took part in a spontaneous march in Barakaldo, the town where the former Socialist councilor lived, and over the weekend several bank branch offices were spray-painted with the word "Murderers."
In a two-paragraph press release, Kutxabank chairman Mario Fernández said he had "issued instructions for the [bank] to immediately suspend all eviction procedures" until new information emerges on mortgage legislation reform being hammered out jointly by the ruling Popular Party and the opposition Socialists.
But Banco Popular chairman Ángel Ron warned that a legislative change would end up "rewarding" defaulters, harming the majority of mortgagees who pay religiously, and hindering economic recovery.
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