15 Jul, 2013 @ 17:55
1 min read

Injunction against Andaluciaā€™s anti-eviction laws

evictions

THE Constitutional Court has issued a temporary injunction against Andaluciaā€™s new anti-eviction laws.

The Rajoy administration filed a suit against the controversial law two weeks ago, claiming that a temporary halt was necessary in order to fully examine the constitutionality of the law.

The law was passed earlier this year by the Junta de Andalucia under JosƩ Antonio GriƱƔn, and provides protection against foreclosure for the most financially vulnerable.

This temporary protection plan allows the bank to take possession of a property without evicting its residents.

During the three years of protection, the regional government would pay a nominal rent to the banks.

The measure has been effective thus far, already stopping 12 evictions.

However, the EU warned Spain last month that this could be damaging to the Spanish banks, asking the Rajoy government to look into it.

The injunction could last up to five months.

4 Comments

  1. when the authorities finally do something sensible
    the EU apparently wants them to stop
    because it will harm the Banks

    The banks already have Portfolios of 1000s of properties just deteriorating and with no prospect of being sold

  2. First priority must be saving folks from eviction, last priority must be saving banks from losses they are responsible for in the first place.

    If anyone NEEDS to lose, itā€™s the banks and their shareholders, not the people thrown out of work and therefore unable to pay their ā€˜mortgagesā€™ because of the banksters immoral and illegal activities (now covered up).

    If every bank in the world shut itā€™s doors tomorrow, the whole thing would sort itself out in a short timeā€¦ the banks lent ā€˜virtualā€™ money, they deserve to lose whatever they lent out at real repayment rates with interest.

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