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Suiciden and Evictions in Spain, the Basque land and Greece - the toll of the crisis.


duthealla

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Suicide and Evictions in Spain, the Basque land and Greece - the toll of the crisis.



Yesterday in the Basque country a woman jumped to her death when the bailifs were coming to evict her from her 4th floor apt. in a suburb of Bilbao. Amaia Egana jumped to her death as bailiffs approached to evict her from her fourth-floor apartment for failing to pay the mortgage. She worked at a local bus depot, was married to a former town councillor and had a 21-year-old daughter.

On friday evening thousands marched along the streets of Barakaldo in solidarity with the woman with many of them carrying posters saying murderers and condemning the Banks for pressing ahead with a relentless pace of evictions.

The figures behind her story are quite interesting. Egana and her husband’s mortgage debt of 164,000 euros ($208,640) rose to 213,000 euros because of charges and interest payments, while their home had been auctioned for 190,000 euros. There home was sold for a price higher than their principal.

In Spain its no different. As breakingnews.ie points out:
Homeowners in Spain face greater risks than mortgage-holders in many countries. If they are unable to make the agreed mortgage payments – through unemployment or low income – they can get evicted but also remain liable to repay whatever value is left on the mortgage after the repossession.
The ever hesitant, and confused, Rajoy has decided to now suspend evictions of those most in need. Much comfort to the lady who died. Late as usual Manuel and maybe for the wrong reasons he intervenes now.

The process of evicitions has been occurring at such a rate that the Spanish judges have began to complain stating that rather than putting in place a proper resolution system the banks are instead over-loading the courts to do the work for them. They have begun to seek reasons to reject applications often doing so because they are arguing the mortgages are abusive. That position received strong support from the ECJ in an opinion from their General Lawyer
the Spanish law on eviction breaks community norms, because it does not an efficient protection for the consumer against possibly abusive clauses in the mortgage or purchase documents. She is insisting that the judge should have the possibility to suspend any forced eviction when the contract has an abusive clause.
You'd have to have had a wry smile on your lips reading the line 'community norms'. 1/10 citizens of the Union live in countries undergoing social collapse. Community norms seems a concept that should have been raised alot earlier.

What an abusive clause might looks like can be read here. My favourite is a
Clause by which the borrower pays all legal fees on litigation - This clause means that if the borrower decides to take their lender to court for whatever reason, no matter the outcome of the ruling they will have to pay not only for their own legal fees albeit additionally for the banks’ as well (both lawyer and advocate).
So you win but you lose. Its hard to see how that can even hold but under Spanish law who knows.

The Spanish suicide rate is increasing and the sale of anti-depressants has jumped approximately 10% according to anecdotal evidence.

But its not just Spain in the US about 1,580 additional suicides occurred annually in the U.S. from 2008 to 2010 than would have been expected based on statistical trends before the recession.


Before the eurozone crisis began, Greece had the lowest suicide rate in Europe. But by 2011, suicides in the country had skyrocketed, shooting up 40% from 2010. The suicide rate among men increased more than 24 percent from 2007 to 2009.

When you think about such misery and then contrast the continued insistence of the ECB that the IMF is just wrong in claiming that multipliers are big, and greater than 1, and so indicating that austerity causes greater deteroriation than improvement despite all the evidence the IMF provides them you have to wonder are EU civil servants enjoying tax free salaries not a bit too isolated from reality. Its easy to think austerity isnt so bad when your not feeling it - a bit like the top tier in this country.
 
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Morgellons

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Compared to our fellow PIGS we appear to be living in some insulated bubble.

Why so?
Good question. For all the talk of austerity here I don't think we have it half as bad as the darker hued PIGS. Ok, a bit of a tax increase here, cutting a bit of home help there, still though, nothing really drastic. Is this the phoney war with the real onslaught to hit soon, or is this country richer than we thought. I don't know. I went on hoidays to Portugual recently, there the poverty is palpable. Here the dole still gives and the pints keep flowing. What's going on?
 

duthealla

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80 evictions on average, every day in Spain.
rough stuff. They estimated 400000 people have had to move since the start of the crisis due to unpaid rent.

This is the 5th largest economy in europe and one where the Red Cross has appeals for. Up to one million people are relying on food from charities. 1 in 5 households in poverty and 600000 of them households with no income.

I've spoken to spaniards who have friends being offered 400-500 euros a month for office jobs.

Maybe we shouldnt be talking about this as it maycontribute to weakening confidence in Spain and as we all know this crisis about confidence in the first place.
 

paddyrebel

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Compared to our fellow PIGS we appear to be living in some insulated bubble.

Why so?
our economy is closely locked in to the british economy and its in their interestes we dont drown. The UK and Ireland are two of the most closely linked states in europe.
 

Telemachus

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Our suicide rate is 4 times what it was in 1960.

The spread of left-liberalism has led to the deaths of thousands of people in Ireland since that time.
 

goosebump

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Fine. No austerity then.

Next question: who pays?
 

spidermom

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Read the stories about the health service provision in Greece... :(
Mothers trawling through clinics in the hope of insulin for their children...or cancer care....

We have a lot to be grateful for folks..!!
(and the rest...for sure...but "still" a lot to be thankful for)
 

asset test

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It's all so depressing. How powerless people are in the face of it all.

And even if they oblige, what's the reward?

I don't think this country has yet seen anything like what has been described above.

And remember we are donating something like 650 MILLION to aid overseas. Do our own EU compatriots deserve a chunk of that now?

I am so saddened by all this.
 

Partizan

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Good question. For all the talk of austerity here I don't think we have it half as bad as the darker hued PIGS. Ok, a bit of a tax increase here, cutting a bit of home help there, still though, nothing really drastic. Is this the phoney war with the real onslaught to hit soon, or is this country richer than we thought. I don't know. I went on hoidays to Portugual recently, there the poverty is palpable. Here the dole still gives and the pints keep flowing. What's going on?
Yep, you got it in one. We have shielded from the worst of the depression thanks in part to the skillful art of can kicking by this and previous government as well as being helped by the ECB. The inevitable crash that will happen will be so severe that many wont know what hit them. Face it, we are insolvent and my advice to those who will listen is to prepare for the worst.
 

4horsemen

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Our suicide rate is 4 times what it was in 1960.

The spread of left-liberalism has led to the deaths of thousands of people in Ireland since that time.

Locally the neoliberalism of the FF/PD is the foundation of our misery!
 

Thac0man

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Compared to our fellow PIGS we appear to be living in some insulated bubble.

Why so?
It does seem odd. But given the level of graft and non-tax payment amongst the rest of the PIGS, some responsilbity for the human statistics being laid at the door of the Troika, has to be recognised as the reuslts of failing to tackle those things. ie. If Greeks paid their taxes, they would not need German money.

We are the most indebted country in the world apparently, so an obvious reason why others are suffering more has to be that they are not restructuring how they do business as a society. Screaming over austerity and blaming the ECB seems to be a symptom of societies still not facing up to the fact most of their problems, both past and present, are self induced. Large anti-austerity protests are at their heart dishonest, because they are in reality pro-borrowing and anti-reform.

What we are seeing in Europe is a driver who went up the wrong side of a road, hit some and killed them, then jumps out of their car, waving and expired credit card and claiming it was all the cars fault. Then shouting that they need more free petrol.
 
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'orebel

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Telemachus

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Locally the neoliberalism of the FF/PD is the foundation of our misery!
I think it would have been okish if they just were just fiscally conservative and conservative on eastern european migration. FF policy polluted the PDs early efforts and ruined us with vote buying - something FG would have continued according to their policies in the 2007 election.

The Neoliberal paradigm of the universal worldwide workforce is certainly a bad thing if it is not strictly controlled as it causes overheating in local assets.
 

duthealla

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It does seem odd. But given the level of graft and non-tax payment amongst the rest of the PIGS, some responsilbity for the human statistics being laid at the door of the Troika, has to be recognised as the reuslts of failing to tackle those things. ie. If Greeks paid their taxes, they would not need German money.

We are the most indebted country in the world apparently, so an obvious reason why others are suffering more has to be that they are not restructuring how they do business as a society. Screaming over austerity and blaming the ECB seems to be a symptom of societies still not facing up to the fact most of their problems, both past and present, are self induced. Large anti-austerity protests are at their heart dishonest, because they are in reality pro-borrowing and anti-reform.

What we are seeing in Europe is a driver who went up the wrong side of a road, hit some and killed them, then jumps out of their car, waving and expired credit card and claiming it was all the cars fault. Then shouting that they need more free petrol.
Well the troika is divided itself isnt it. One side brings strong analysis demonstrating repeatedly how austerity is weakening the economies of europe rather than facilitating a restructuring while another element argues points like your off the wall credit car crazy driver point and talks about if only there was confidence.

Ones arguing using economics the other is using a plot line from a moral drama.

In the mean time people die all because real economics is replaced with talk about confidence, stubborn ignoring of the evidence and strange parables about drivers - as if the world's largest economic block could possibly be refined down to a tale about a driver, and petrol.
 
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duthealla

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I think it would have been okish if they just were just fiscally conservative and conservative on eastern european migration. FF policy polluted the PDs early efforts and ruined us with vote buying - something FG would have continued according to their policies in the 2007 election.

The Neoliberal paradigm of the universal worldwide workforce is certainly a bad thing if it is not strictly controlled as it causes overheating in local assets.
Ah the poor old PDs! Do you not think you are giving them too much credit. The neo-liberal mindset you complain about was championed in this state by the PDs.
 

Telemachus

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Ah the poor old PDs! Do you not think you are giving them too much credit. The neo-liberal mindset you complain about was championed in this state by the PDs.
We will never know. Of course the right thing for them to do was to collapse the government when they saw Berties "Socialism".
 

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