Greece: Crete: Evictions: Locals furious as US Fund seizes shop in Rethymnon under police protection


"Riot police squads had rushed as early as possible outside a shop in the old city of Rethymnon, Crete, and blocked the street to prevent locals from approaching. A representative of a US Fund was to install an alarm system at the shop the Fund had seized after buying the owner’s loan from a Greek bank. A court bailiff was also present in order to count and seize the merchandise and proceed with the eviction one of the many evictions underway in Greece.

However the local community was furious. Businessmen from the Solidarity Association of Rethymnon Debtors (SAOP) but also citizens attempted to break the police chain and prevent that the store was seized.....

US Funds have bought red loans and mortgages from the Greek banks. They target not the loan or mortgage repayment but the seizure of the properties and the debtors’ eviction."

See: Greece: Crete: Evictions: Locals furious as US Fund seizes shop in Rethymnon under police protection (Keep Talking Greece, link)

 

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