This yard in Athens saw an auction every month, selling cars confiscated from drug dealers or tax dodges. Now the state agency has been shut down. Half of the workforce is still there, moved to the books of a government ministry. While the costs run on, there is no more income: Paralyzed, the unit has seen just one car auction this year. It is a snapshot of Greece’s woes, distilled down to impound level.
Details from the story, pieced together by Reuters from current and former employees and official records, “illustrate some of the hurdles Prime Minister Antonis Samaras faces to his goal of saving up to 2 billion euros by 2015 through scrapping some of the thousand or so similar agencies in the hope of persuading international lenders he can steer the budget towards balance.”