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Greece

Fresh Clashes Break Out at Greek Property Auctions (video)

Trouble has broken out in downtown Athens in another clash between riot police and campaigners against auctions of foreclosed properties. According to reports, some demonstrators in the Exarchia district pelted police with eggs and trash before attempting to gain entry...

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...

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...

Over 2,000 Greek e-Auctions Planned Before October

A total of 2,018 property auctions have been scheduled for the period up to Oct. 10 of which around 200 are expected to be carried out on Wednesday, according the Notary Association of Athens, Piraeus, Aegean and Dodecanese. The Athens...

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...

'We Won't Enforce Auctions' Warn Greek Police

Greek police on Tuesday said they will not be used to enforce controversial auctions or foreclosures. In a statement, the Pan-Hellenic Federation of Police Officers (PFP) said, its members, although committed to upholding the law, were opposed to the "dangerous...

Online Auctions Overshadow Greek Bailout Progress

Monday's crunch Eurogroup meeting may have praised Athens for legislating 95 of 110 “prerequisites” needed to access bailout funds but stressed the need for online auctions before a next loan tranche is disbursed in February. Greece’s government has committed to...

Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head, Panagiotis Liargovas. In an interview with Skai TV, the economist; whose term in the Parliament Budget...

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...

'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...

Chinese Investors Look for Bargains in Foreclosure Auctions in Greece

Chinese investors are embracing online foreclosure auctions in Greece, while demand for buying real estate property in Greece has gone up 158.5%, according to Juwai.com. Juwai.com is a platform connecting international agents real estate agents and Chinese buyers. According to its...

Protesters in Fierce Clashes with Police over Online Home Auctions in Greece

Protesters who were losing their homes engaged in fierce clashes with Greek riot police on the first day of online auctions to sell off repossessed properties amid the ongoing economic crisis in the country. Images from the scene have shown...

Basketball Legend Nick Galis Auctions Shoes for a Child's Treatment

Greek basketball legend and recent NBA Hall-of-Famer Nick Galis auctioned his sports shoes and gathered €7,000 for the treatment of a 5-year-old suffering from brain tumor. Christoforos, 5, has been suffering from a rare form of brain tumor called Diffuse...

Online Foreclosure Auctions in Greece to Begin Wednesday

The first ten electronic foreclosure auctions will be held on Wednesday, following the decision of the General Assembly of the Athens-Piraeus Notaries to suspend their abstention from duty. Notaries had abstained from their duties for weeks, after receiving threats from...

Tsakalotos: Greek Banks in Danger if Home Auctions don't Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...