The once high-and-might PASOK Socialists will hear the result of an audit on May 9 of its deep financial difficulties that has forced a return to its previous headquarters because it can’t pay the rent on more luxurious surroundings where it’s now housed.
The audit, carried out by a cluster of accounting firms, will be presented at a meeting of PASOK’s political council and should give party members an idea of why the Socialists are in such a poor financial situation. The audit covers the period 2003 to 2011, when the party reportedly borrowed 116.5 million euros. PASOK’s debt currently stands at 114 million euros.
Party leader Evangelos Venizelos held talks with his predecessor George Papandreou last week to discuss the audit. Papandreou led the party from 2004 until last year. The two men reportedly argued during the meeting and Papandreou suggested in a statement that there is an attempt to make him a scapegoat.
The Socialists have reportedly been unable to pay the 35,000-euro monthly rent at Ippocratous for the past few months. The rent at the Harilaou Trikoupi offices is reportedly 5,000 euros a month. PASOK continued renting the premises, even after it moved out five years ago.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
