Social Movements

Taking a stand against poor housing in Spain

Poor housing is a widespread phenomenon in Spain. Since the crisis of 2008, the Spanish government has had to repay a debt of 50 billion euros of unpaid assets taken from the banks in crisis. In order do this, in 2012 it created a black bank named Society for the Management of Assets related to Banking Restructuring, better known as the SAREB plan. The objective: to repay this colossal debt before 2027, bearing in mind SAREB has currently only managed to sell one third of these assets. Through the association Platform of People Affected by Mortgages (PAH), residents are protesting against this controversial plan.

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