Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category

Spain Declares 2-Year Moratorium on Evictions Following Suicides; Policy Will Blow Up Spectacularly

IMG Auteur
Published : November 12th, 2012
272 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Spain
Category : Opinions and Analysis

 

 

 

 

El Pais (via Google translate) reports Government will give a two-year moratorium to end evictions.

Social pressure, political and, above all, the shock of facts so overwhelming as two suicides in recent weeks, the second on Friday, has led the government and the PSOE to move faster. Both contacts for accelerated progress towards an agreement to halt evictions more extreme than in any case, will not materialize until next week. That agreement, however, will not be retroactive and would apply to mortgages signed, but not those that are in foreclosure. It would not serve to cases like Egaña Amaya, the woman who committed suicide in Barakaldo.

The Prime Minister, Mariano Rajoy, solemnized the idea during an election rally in Lleida: "These days we see terrible things, inhuman situations, a person committed suicide when she would be evicted. It is a difficult subject, you have to take it with all seriousness and humanity. The government is talking to many people, we talked this morning with the PSOE. I hope we can talk on Monday of the temporary cessation of evictions affecting the most vulnerable families. And the threshold of exclusion, to better implement the code of good practice, so you can renegotiate the debt and remain in housing. It is a difficult subject, I hope we can give good news to the whole of the Spanish."


Policy Will Blow Up Spectacularly

The problem with an eviction moratorium should be obvious. People will have no incentive to pay their mortgages for the next two years. Many people will take that option and it will further stress the Spanish banking sector already deep in trouble.


 

 

Data and Statistics for these countries : Spain | All
Gold and Silver Prices for these countries : Spain | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Is Silver a Better Bet than Gold...
03 May Roygbiv
"Silver on fire." ??? Even if it goes to 50$ nobody in my environment (and beyond) would recogize it.
Is Silver a Better Bet than Gold...
03 May Roygbiv
One can not invest in gold and or silver !!! You have it and that's it. You converted your paper to something tangible. One can invest ...
License to Steal: Italy’s Highes...
03 May Roygbiv
"Given that theft is no longer a crime, I expect an enormous outbreak of theft from Italian grocery stores. Over the course of a week I ha...
License to Steal: Italy’s Highes...
03 May Roygbiv
Feeling better now after the burp. Continuously thinking about ... gold. Trying to find a definition/description that would end all blablablah<...
License to Steal: Italy’s Highes...
03 May Roygbiv
Feeling better now after the burp. Continuously thinking about ... gold. Trying to find a definition/description that would end all blablablah<...
License to Steal: Italy’s Highes...
03 May Roygbiv
What percentage of Americans are crooks ? Making a living and contributing to GDP ? "What you have in your pocket I want to see in mine !" ??? ...
License to Steal: Italy’s Highes...
03 May Roygbiv
"heling"=dutch and is translated by Google as=fencing. ??? Selling stolen goods I want to find. The Dutch/English dictionary translated it ...
Send Out the Clowns
03 Maysam_site
As you imply, Obamacare's days are numbered. In fact these are the last days of government-protected monopolies like the monopoly that state ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS