Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/11/2012 (2 years ago)

Catholic Online (www.catholic.org)

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.

Only one auction has been held this year at the main lot in Athens, compared with one a month previously.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/11/2012 (2 years ago)

Published in Europe

Keywords: Greece, car lot, luxury vehicles, . Antonis Samaras, auction, theft


LOS ANGELES, CA (Catholic Online) - After the closure of the government agency the Organization for Public Property Management, row upon row of luxury cars sit abandoned in vast car lots. The agency is currently unable to sell or auction any of the vehicles off.  

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.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Europe

Polish priest performs mass exorcism on unknowing school kids Watch

Image of Polish Schoolchildren, attending what they thought was a religious camp honoring Lent were screaming and in tears when 37-year-old priest Tomas Wieczorek carried out a mass exorcism.

By Catholic Online (NEWS CONSORTIUM)

Polish Schoolchildren, attending what they thought was a religious camp honoring Lent were screaming and in tears when 37-year-old priest Tomas Wieczorek carried out a mass exorcism. LOS ANGELES, CA (Catholic Online) - The 1,000 young people, from schools in the ... continue reading


Defiant Catholic bishops openly diverge from Pope Francis and the Vatican Watch

Image of Bishop Bernard Fellay was a part of the rebellious SSPX.  (Switzerland, 29 June 2009/Denis Balibouse)

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Rejecting Pope Francis and consecrating bishops without the approval of the Vatican, the ultra-traditionalist movement "The Resistance" is planning to expand by consecrating again a new generation of bishops. According to one of the French bishops, Jean-Michel Faure, ... continue reading


Putting best face forward, Krakow, Poland busies itself to host World Youth Day in 2016 Watch

Image of Excitement is in the air in Krakow, Poland. The metropolis is readying itself to host World Youth Day in 2016.

By Catholic Online (NEWS CONSORTIUM)

Excitement is in the air in Krakow, Poland. The metropolis is readying itself to host World Youth Day in 2016. As part of the renovations to host the over two million people who are expected to attend, the city has a new airport, improved road and rail links, a ... continue reading


Did a broken heart lead to mass slaughter? Germanwings co-pilot said to be 'depressed' and 'stressed' Watch

Image of Remembered as a friendly and funny personality, Andreas Lubitz had a life-long obsession to become a pilot. There is speculation that he feared his flying license - due to expire in just three months time would not have been renewed on medical grounds.

By Catholic Online (NEWS CONSORTIUM)

The willful destruction of himself - along with 149 other, innocent human beings, has the world scrambling for answers. Germanwings co-pilot Andreas Lubitz, who slammed his plane into mountainside earlier this week. Killing everyone onboard, remains a ... continue reading


DEADLY SECRET: Co-pilot of doomed Germanwings flight hid medical condition, authorities say Watch

Image of A terrible tragedy that left 150 people dead may have been the result of a frightened, insecure man hiding a medical condition. Investigators say that Germanwings copilot Andreas Lubitz was keeping an unspecified medical condition secret from others.

By Catholic Online (NEWS CONSORTIUM)

A terrible tragedy that left 150 people dead may have been the result of a frightened, insecure man hiding a medical condition. Investigators say that Germanwings copilot Andreas Lubitz was keeping an unspecified medical condition secret from others and had a ... continue reading


CO-PILOT LOCKED CAPTAIN OUT OF COCKPIT: Chilling last minutes of Germanwings Airbus crash revealed Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Investigators have recovered key information from the French Alps wrecked Germanwings Airbus A320's black box and voice recorder. The co-pilot, 28-year-old German, Andreas Lubitz, intentionally locked the captain out of the cockpit and deliberately crashed into a ... continue reading


STANDING FIRM: Nearly 500 British priests urge synod to stand firm on Communion for the remarried Watch

Image of An extraordinary synod last year provoked heated debate on the question of whether remarried Catholics should be permitted to receive Holy Communion, which was a proposal presented by retired German Cardinal Walter Kasper.

By Catholic Online (NEWS CONSORTIUM)

Nearly 500 British priests have signed a letter urging those attending this year's family synod to issue a "clear and firm proclamation" upholding Church teaching on marriage. An extraordinary synod last year provoked heated debate on the question of whether ... continue reading


Pope Francis sends message to families of victims in Germanwings' French Alps crash, as black box and cockpit recorder recovered Watch

Image of Families are hit with grief as the search for bodies continues.

By Abigail James (NEWS CONSORTIUM)

150 people were killed in the tragic Germanwings A320 Airbus crash in the snowy French Alps earlier this week. Pope Francis has come forward with some words of comfort for all those involved in the horrific accident. LOS ANGELES, CA (Catholic Online) - Pope Francis ... continue reading


GAS ATTACK FEARED: Islamist State may launch attack on London's Underground subway system Watch

Image of The 1995 sarin gas attack on the Tokyo subway killed 13 people. Experts now fear that Islamist State agents returning to the United Kingdom will launch similar offenses.

By Catholic Online (NEWS CONSORTIUM)

Islamic State militants returning to the United Kingdom could attack London Underground trains or football matches with chlorine gas. That is the frightening estimation from chemical weapons expert Hamish de Bretton-Gordon, a retired head of chemical and ... continue reading


Plane crash in French Alps: All 150 feared dead Watch

Image of

By Abigail James (NEWS CONSORTIUM)

An airplane carrying 150 people crashed Tuesday in the French Alps. All 144 passengers and six crew members are presumed dead. LOS ANGELES, CA (Catholic Online) A Germanwings Airbus A320 was traveling from Barcelona, Spain to Dusseldorf  Germany. During mid ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Isaiah 49:1-6
1 Coasts and islands, listen to me, pay attention, ... Read More

Psalm, Psalms 71:1-2, 3-4, 5-6, 15, 17
1 In you, Yahweh, I take refuge, I shall never be put ... Read More

Gospel, John 13:21-33, 36-38
21 Having said this, Jesus was deeply disturbed and ... Read More

Saint of the Day

Saint of the Day for March 31st, 2015 Image

St. Benjamin
March 31: St. Benjamin, Martyr (Feast Day - March 31) The Christians in ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter