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This is a stick-up: Spaniards take revenge on banks for credit crunch

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Elizabeth Nash
London Independent
Wednesday, July 22, 2009

With Spain’s economy in freefall and loans squeezed, desperadoes are resorting to robbing banks to solve their personal credit crunch.

Bank robberies have risen by 20 per cent in two years, Spain’s banking association says; and those who adopt the tactic of the stick-up to pay their debts are novices rather than hardened criminals.

“In recent months, it has become apparent that Spain is suffering from an increase in bank robberies,” Francisco Perez Abellan, the head of criminology at Camilo Jose Cela University in Madrid, told The New York Times.

“We are seeing people committing offences through necessity, first-time offenders who can no longer continue to maintain their lifestyle and so turn to crime,” he said.

Instances where counter clerks are tied up at gunpoint while masked raiders empty the safe have become so common that Spain’s government, prodded by the bank employees’ trade union, has classified bank robbery as an occupational hazard.

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This article was posted: Wednesday, July 22, 2009 at 4:03 am





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