MADRID — Spain's banks announced Monday they will freeze mortgage-related evictions for two years in cases of extreme need as a public outcry mounted over suicides by desperate homeowners.
The lenders reacted after two suicides in 15 days by indebted homeowners facing expulsion in Spain, where both banks and borrowers were hammered by a 2008 property crash.
The deaths shocked a country already weary of tough austerity measures in the midst of recession and record unemployment, and the news sent thousands into the streets in anti-bank protests.
As the uproar grew, Prime Minister Mariano Rajoy's right-leaning government was to hold a rare meeting with the opposition Socialists to discuss proposals to combat the evictions crisis.
Terrible. Sickening. A demonstation of poor leadership across the board.
p.s. and rehearsals are in progress ...
Terrible. Sickening. A demonstation of poor leadership across the board.
p.s. and rehearsals are in progress ...
in character ...
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