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This is a stick-up: Spaniards take revenge on banks for credit crunch
Posted By admin On July 22, 2009 @ 4:03 am In Money Watch | Comments Disabled
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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URLs in this post:
 London Independent : http://www.independent.co.uk/news/world/europe/this-is-a-stickup-spaniards-take-revenge-on-banks-for-credit-crunch-1755892.html
 Image: http://prisonplanet.tv/signup.html
 ‘Credit Crunch Same As Terrorism’: http://www.prisonplanet.com/credit-crunch-same-as-terrorism.html
 Bank Of England: Get Ready For Second Credit Crunch: http://www.prisonplanet.com/bank-of-england-get-ready-for-second-credit-crunch.html
 Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets: http://www.prisonplanet.com/bank-funding-crunch-deepens-as-swap-rates-soar-credit-markets.html
 Credit Crunch: ‘Worst Yet To Come’: http://www.prisonplanet.com/credit-crunch-worst-yet-to-come.html
 Credit crunch forces evicted family of four to live in a car: http://www.prisonplanet.com/credit-crunch-forces-evicted-family-of-four-to-live-in-a-car.html
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