As its economy is hit hard by the global economic downturn and the country has the highest unemployment rate in the European Union, Spain just announced a new program to allow out-of-work homeowners to defer payments on their mortgages. Prime Minister José Luis Rodríguez Zapatero announced a new stimulus package that would also include incentives for employers to hire those who are out of work.
The mortgage relief program w... http://bit.ly/08fv1ey
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