EU opposes new regional law to save repossessed homeowners from a life on the street
Monday, May 13, 2013 @ 2:03 AM
ANDALUCÍA'S regional government says it has no intention of withdrawing a new law allowing it to expropriate properties from banks to prevent defaulting owners from being thrown out on the street, despite Brussels announcing it may not be legal.
Regional minister for the economy Antonio Ávila says the new law is 'perfectly sound' and has the full support of the public, but that the EU claims it might not be 'compatible' with the conditions imposed on Spain when it was granted bail-out funds for its banks.
And regional president of Andalucía José Antonio Griñán says he 'does not understand this lack of sensitivity' and that if Brussels wants to go down this route, then 'the EU is not worth it'.
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