Greek car lot leaves vehicles to rot after economic snafu
Luxury cars and vehicles gather dust, unable to be sold
As the nation of Greece tries to right itself during the ongoing economic turmoil, an expansive lot in Athens where the finest vehicles - cars, vans, motorbikes, eerily stands in as a symbol of a country's malaise.
Only one auction has been held this year at the main lot in Athens, compared with one a month previously.
The agency was formed in 1946 to manage leftover wartime equipment. The group formerly ran a network of warehouses auctioning anything from old sofas discarded from city hall waiting rooms to luxury cars confiscated from drug dealers.
These warehouses were popular with Greek government figures in the market for a bargain. However, with the Greek government agency's slide into a bureaucratic quagmire 10 years ago, the agency began showing huge losses. Published results for 2009 show accumulated losses of 17 million Euros and had a net loss that year of 2.4 million Euros.
Destined for the scrap heap in last year, employees and government officials insist the agency still exists in all but name, and has simply become an office of the Greek Finance Ministry and been renamed DDDY.
The transfer has almost paralyzed its ability to run auctions to make money. Only one auction has been held this year at the main lot in Athens, compared with one a month previously.
In addition, a shortage of security guards to curtail theft means some of the agency's clerks have been drafted as watchmen. Dogs in cages are another interim solution for discouraging robberies.
Prime Minister Antonis Samaras has a goal to save up to two billion Euros by 2015 through scrapping some of the thousand or so similar agencies. Auditors from the European Union are meeting Samaras this week.
Dimitris Kouvaris, who has run the DDDY operation since last March has defended the agency's efforts to reform itself, acknowledging struggles with technical problems but insisting that it was too early to pass judgment on a long-term overhaul which he said would save the state money eventually.
"Our aim is to reduce spending, achieve better control of expenses and upgrade services," he said.
"Of course, we have technical and operational problems which we are trying to overcome, and also labor-related issues, since the workforce has been significantly reduced."
Online sales could restart this month. Prime assets include a luxury yacht and cargo vessels. The name change to DDDY led to its internet access being cut off in March, hindering further sales.
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.
- - -
Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Greece, car lot, luxury vehicles, . Antonis Samaras, auction, theft
Rate This Article
Leave a Comment
More Europe News
- Pentecostal Pope Calls Ecclesial Movements and the Whole Church to Newness, Unity and Mission
- Historic Meeting between Pope Francis and Coptic Patriarch, Tawadros II, Fosters Christian Unity
- Pope Francis Shakes up the Ambassadors Meeting and Addresses Economic Issues
- AU CONTRAIRE! Economic crisis has been 'pulling European public opinion apart'
- Pope Calls Whole Church to Encounter Jesus Christ Personally Through the Holy Spirit
- France ponder one percent 'Internet tax' to fund domestic computer production
- Pope Francis Canonizes 802 Saints: 800 Martyrs of Otranto and Two Latin American Foundresses
- Growth in Number of Catholics Worldwide, Along with Priests and Deacons
- Scientists confirm that Roman Empire was destroyed by plague
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?