Posted on 11/10/2012 6:31:58 PM PST by Olog-hai
A woman jumped to her death as bailiffs approached to evict her from her fourth-floor Spanish apartment for failing to pay the mortgage. It was the second apparent suicide linked to evictions and further highlights the dire conditions many Spaniards find themselves in as the country’s economy sinks.
The government recently created a task force to study how to reduce evictions because of the devastating personal impact of repossessions due to tough mortgage rules and growing unease among the public on the subject.
The unnamed 53-year-old woman threw herself from her balcony in a suburb of Bilbao, the regional Interior Ministry said. She worked at a local bus depot, was married to a former town councillor and had a 21-year-old daughter. …
(Excerpt) Read more at breakingnews.ie ...
“READ MY LIPS” LOLOLOL
Anyone who reads European newspapers knows that Greece and Spain,especially,are basket cases.Street riots are routine and unemployment is 25%...plus! Coming soon to a US suburb near you (it’s already reached our cities).
They can get evicted but also remain liable to repay whatever value is left on the mortgage.
More than 350,000 have been caught in this trap.
Maybe they should raise taxes on business & the rich. That should make enough money to relieve these people of their obligation to repay.
Oh I forgot, there are no more rich in Spain.
Of the PIIGS, the only one that has any hope of turning things around is Ireland. Everybody else is beyond redemption.
And there’s no guarantee that Ireland will succeed.
France is next in line, you know. FPIIGS? See why there is more to this than mere overspending?
If Ireland digs out from under, that means that they have given up their last shred of sovereignty. Would any American subject willingly to that kind of imperialism from without?
They can get evicted but also remain liable to repay whatever value is left on the mortgage.
More than 350,000 have been caught in this trap.
Maybe they should raise taxes on business & the rich. That should make enough money to relieve these people of their obligation to repay.
Oh I forgot, there are no more rich in Spain.
We're not there ... yet
But Spain is.
Ireland has been shrinking it’s economy without taking any big loans from the EU, as far as I know.
Parasites always win in the end. They devour the host never realizing they are signing their death knell.
Giving a bailout, in itself, is not a problem. It can be a positive thing to exchange higher interest debt for debt that is at a lower interest.
The problem is if you have to keep making loans available, in an attempt to right the ship. That is when it is problematic and should not be done.
That is not to say I support deficit spending.
These are loans, not grants. And the terms include giving up your national sovereignty. The USA never demanded that of any country it helped.
I understand that it is loans. As I said, in principle, there is nothing wrong with exchanging a higher interest loan with a lower one.
It’s only problematic if they have to keep borrowing money to get by.
As far as having to meet Germany’s terms, the borrower is slave to the lender. If you don’t want to borrow on the lender’s terms, don’t borrow.
In Detroilet, if you’re a squatter, you can actually NOT be evicted because people can’t be thrown out of “their” home.
http://news.yahoo.com/blogs/lookout/woman-forced-live-squatter-detroit-home-170128148.html
The country didn’t want to borrow in the first place. Brian Cowen’s government fell over the matter of taking the loan. He got replaced by Enda Kenny, who is a EU man through and through.
I hope you aren’t justifying imperialism in this manner? never mind the spread of the fascistic social market economy?
Im not justifying anything.
If you have a business and it has run into a bit odlf financial difficulty, do you let the business crash and burn or do you borrow money to ride out a slow period?
In principle, it’s no different. By lending Spain the money, it may allow Spain to free enough money to start to pay back debt, providing it doesn’t just find ways to spend the money further.
However, if Spain’s intent is just to spend the money, I would cut it clean and let it fend for itself.
This is not business, though. This is countries and their very existence.
And again, these countries did not want the money in the first place. The governments that refused the money got replaced by governments willing to take it, due to EU pressure on the prior governments.
Thanks Olog-hai. Still, Spain leads the world into the future of green energy. /s
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