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Tue Feb 12, 2013, 03:21 PM

(Spanish Government) PP does U-turn on foreclosure eviction initiative

The ruling Popular Party bowed to intense pressure on Tuesday and agreed to back a popular legislative initiative in Congress organized by the Mortgage Victims Platform (PAH) to address a spate of foreclosures and evictions, PP congressional spokesman, Alfonso Alonso, announced Tuesday.

The previous day, the ruling party said its response to the initiatives, which came in the wake of a number of cases of suicide involving people facing imminent eviction, would be a “polite no.”...

... The PAH gathered 1.5 million signatures supporting the initiative, which calls for a backdated halt to evictions, the enactment of a dation in payment law that will allow those who have had their homes foreclosed to cancel the mortgage by handing the property over to the bank, and the creation of a pool of social housing for those who lose their homes.

PAH members met with PP lawmakers prior to the vote in an effort to convince them to change their minds. “Today, we will see if parliament is blind and deaf in the eyes of the people,” said PAH activist Martín Batllorí. PAH spokeswoman Ada Colau added: “We are asking deputies not to show disrespect to the people.”

/... http://elpais.com/elpais/2013/02/12/inenglish/1360691620_479968.html

MADRID (AP) - Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, European Central Bank President Mario Draghi said Tuesday.

Draghi delivered the upbeat assessment to Spanish politicians behind closed doors in Parliament, later telling reporters that "Spain is on the right track."...

... Draghi praised Spain for passing labor laws making it cheaper for companies to hire and fire workers while acknowledging that the nation is going through deep economic pain with 26 percent unemployment and a much higher rate for adults under age 25. Spain also hiked taxes and made deep cuts to cherished education and national health care...

... Draghi's appearance in Parliament became a hot topic in the media after Prime Minister Mariano Rajoy's ruling Popular Party refused to allow the session to be televised and used special equipment to ban cellphone signals, denying liberal lawmakers a chance to tweet the proceedings as they had pledged. Some used their cellphones to tape it so it could be put online later...

/... http://www.omaha.com/article/20130212/AP05/302129860

Second repossession suicide in one day: Mallorca couple in their late 60s
By: thinkSPAIN , Tuesday, February 12, 2013

JUST hours after news broke about the suicide of a Basque man as his home was about to be repossessed, a retired couple has been found dead in their apartment in Mallorca after taking massive overdoses after their bank foreclosed on their mortgage...

/... http://www.thinkspain.com/news-spain/22368/second-repossession-suicide-in-one-day-mallorca-couple-in-their-late-60s

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