auctions
Greek News
Rare Drachma Coin Sold for Record 162,000 Euros in Auction
A rare 50-drachma coin fetched a record price of 162,000 euros at an auction in Switzerland recently.
The coin was sold on November 17, at an auction which featured other historical coins.
Issued by the Greek government in 1876, only 182 such...
Economy
Six out of Ten Greek Debtors will See their Assets Seized by the State
Six out of ten debtors to the Greek State will see their bank accounts or homes confiscated from now on, as the number of Greeks with outstanding debts due to feel these measures reached 1,067,857.
The Independent Authority for Public...
Greece
Greek Police Clash with Protesters Over Home Auctions (video)
At least one person was injured on Wednesday as Greek riot police used tear gas to disperse a crowd of protesters against home auctions, in central Athens.
Protesters, including a former SYRIZA minister and at least two former MP’s of...
Greece
Protesters Clash with Police Outside Notary Offices Carrying Out Auctions (video)
Tension and clashes between police and protesters opposing auctions of foreclosed homes took place outside notary offices in central Athens on Wednesday afternoon.
Members of the Greek Communist Party union PAME met at a notary office in Piraeus where a...
Economy
ECB Insists on Property Auctions Across Greece
An "effective auction system is an important part of the work" in cutting bad loans in Greece, the head of the European Central Bank has insisted.
Mario Draghi, replying to a letter from Greek MEP Nikolaos Chountis, said the controversial...
Business
More Than 40 Greek Hotels to be Auctioned off in 2018
More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for the auction of those, expected in the first six months of the year.
The first wave...
Greece
2017: The Year More Greeks Lost their Dignity
One of the (vague) election pledges of Alexis Tsipras was that his administration would restore the lost dignity of Greeks. That was also one of his slogans when he was negotiating with creditors before he brought back more of...
Economy
Greek Gov't to Pass Bill to Penalize Those who Obstruct Auctions (video)
The Greek government on Wednesday, brought to parliament a new amendment according to which people who will try to obstruct auctions of foreclosed homes, will be prosecuted.
The amendment will go to the ballot today (Thursday), in order to put...
Greece
'I Would Rather Demolish it!' Anger in Greece as Foreclosure Auctions Gather Pace
Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will be protected.
Foreclosure e-auctions, is perhaps the theme that could dominate the Greek political and social...
Economy
Low Cost Homes to be Auctioned, Despite Government's Claim of Primary Residence Protection
Greek society continues to react as foreclosed homes that are worth less than 100,000 euros are to be auctioned, despite the Greek government's claim that primary residences worth below 300,000 euros are protected.
Several cases of foreclosed properties that are...