Financial News
Spain: Eviction Orders Top 75,000 In 2012

Eviction procedures in Spanish courts for unpaid mortgages and rent hit a fresh record last year, averaging more than 200 per day.
Amid the sharp economic downturn and record unemployment, Spain's legal system executed 75,605 eviction orders in 2012, a 16.7% increase over the previous year.
According to the General Council of Judicial Power, 64,770 eviction orders were carried out in 2011.
That brings to 252,826 the total number of eviction orders executed by courts since 2008 when a decade-long property bubble burst and Spain sank into recession, throwing millions out of work and unable to keep up mortgage or rent payments.
The jump in evictions has become a political hot potato due to a series of suicides by people who were about to be thrown out of their homes and television images of weeping families forced out on the street.
It has also sparked a protest movement which sends activists to block the entrance to homes of people about to be evicted in order to prevent police from forcibly removing them from their homes.
Prime Minister Mariano Rajoy's conservative government passed a decree in November which freezes evictions of the most vulnerable homeowners.
The two-year freeze on evictions applies to families earning less than 1,600 euros (£1,365) per month that also meet other conditions such as having a child under three, at least three children, a disabled dependent or being unemployed without benefits.
Spain is also grappling with a double-dip recession which has caused the unemployment rate to soar to a record 26%, with the jobless rate for those under 25 now above 55%.
what do you think?

happymike CHESTER
Make hard working people homeless and bail out the crooked Bankers who caused the crash.Unbelievable .

bjnk
The train robbers were pure amateur and have nothing on these bankers who have got away scott free with increased wealth. In a fair and just society they would/shoud be shot.

davenlesley
At least those involved can sleep on the streets safe in the knowledge that they have done their bit to save to Euro








shirley sutton
6:09pm on 22/3/2013
And how many in this country - they pay the rent for the foreigners who keep coming over while hard working Brits who have lost their jobs are losing their homes