Arab Today, arab today eu evictions ruling heartens debtors in spain
Last Updated : GMT 00:16:58
Arab Today, arab today
Arab Today, arab today

EU evictions ruling heartens debtors in Spain

Arab Today, arab today

Arab Today, arab today EU evictions ruling heartens debtors in Spain

Madrid - AFP

Homeowners ruined by Spain\'s economic crisis and their defenders hailed a big step forward on Thursday after Europe\'s top court ruled that the country\'s eviction laws breached EU rules. \"There is no justice in Spain, but luckily there is in Europe,\" said Delia Esther Molina, 57, an unemployed Cuban who is facing eviction, demonstrating outside the Spanish parliament. The European Court of Justice ruled that Spanish legislation breached a EU consumer rights directive by preventing courts from halting evictions based on \"unfair\" mortgage agreements. The Spanish government promised its law would be \"corrected\" to comply with the ruling. The decision by the EU court in Luxembourg gave a fresh boost for a popular protest movement which last month persuaded the Spanish parliament to consider reforms to the eviction laws. \"We are very satisfied,\" said Ada Colau, a spokeswoman for the Platform for Mortgage Victims (PAH), the organisation that brought that motion backed by 1.4 million signatures. \"This is a big step forward for what we have been campaigning for, over four very hard years,\" since the worst of Spain\'s financial crisis broke out, she said. The Barcelona judge who took the case to the European court, Jose Maria Fernandez Seijo, said that \"from now on, any judge who detects abusive clauses can decide as a precaution not to evict the consumer\" until he has decided whether the terms of the mortgage are fair. Campaigners have accused banks of predatory lending during the Spanish construction boom that collapsed in 2008 and of misleading unwitting borrowers. \"I bought my house in 2005. I\'m not highly literate, so they really fooled me,\" said Jorge Teran, an Ecuadoran plumber who lost his job in 2008. \"If they had explained to me the interest rates and everything, I would never have signed.\" In a deep recession which has pushed unemployment to record highs of 26 percent, hundreds of thousands of people have defaulted on their loans and been evicted as the banks scramble to get their loans back. Spain\'s top legal authority, the General Council of Judicial Power, says 415,000 eviction orders have been issued since 2008, including for second homes, land and commercial property. Some 60 percent of those evictions have been carried out. In response to popular protests and a string of reported suicides of people facing eviction, Spain\'s government in November passed a two-year moratorium on evictions -- but campaigners insist it go further. The activist\'s bill calls for an end to evictions and for insolvent homeowners to be allowed to write off their debts by surrendering their home. Under current Spanish law, a bank can pursue a mortgage holder to pay off the rest of a loan if the value of the seized property falls short. \"I want to be able to hand them my home and have them write off the debt,\" said Molina. \"I have nothing.\" The group also demands that empty properties held by Spanish banks be transformed into social housing. Colau said Spain was an \"anomaly\" in Europe for the harshness of its eviction laws. \"The Spanish exception is over,\" thanks to Thursday\'s ruling, she said. Gonzalo Moliner, chairman of the judicial council, said the change required by the European ruling was \"immediately applicable\" in Spain. The head of the Spanish consumers\' association Facua, Ruben Sanchez, called it \"a turning point in relations between mortgage-holders and the banks\". Beyond the EU court\'s ruling, PAH activists now demand Spain enshrine the group\'s demands in new legislation. \"They have to change the law, for all the people like me who were fooled,\" said Teran.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu evictions ruling heartens debtors in spain Arab Today, arab today eu evictions ruling heartens debtors in spain

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday