The Straits Times
Published on Nov 11, 2012

Spain bank halts evictions after second suicide


MADRID (AFP) - A Spanish savings bank halted all homeowner evictions at the weekend after a ruined client threw herself out of a window to her death, unleashing anti-bank protests in the streets.

The decision by Kutxabank, a lender in the northern Basque Country, was unprecedented in Spain, where banks and homeowners have been financially crushed by a 2008 property crash.

It was the second suicide linked to the eviction of a financially distressed home owner in 15 days.

Right-leaning Prime Minister Mariano Rajoy promised on Friday to offer proposals to ease the pressure on homeowners on Monday in talks with the opposition Socialists.