The Straits Times
Published on Nov 12, 2012

Spanish bank group agrees to halt evictions


MADRID (AP) - Spain's Banking Association says it will halt evictions of indebted homeowners in extreme need for the next two years.

The halt, which will be observed by Spain's largest banks, is aimed at taking the heat out of an increasingly dramatic trend affecting thousands of people caught in the economic crisis.

Conservative government officials will meet on Monday with leading Socialist opposition party members to discuss new regulations governing evictions.

The talks took on greater urgency after the suicide of a second person about to suffer eviction on Friday.