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Car sales grinding to a halt

New cars on Greek roads posted a dramatic 46.9 percent decline in May on a yearly basis, as few are willing to buy a new vehicle in the midst of the crisis.

Hellenic Statistical Authority (ELSTAT) data show that 6,826 cars came into circulation in Greece last month, including 1,288 used vehicles from abroad. In the first five months of the year there were 36,070 newly registered cars.

ekathimerini.com , Thursday June 7, 2012 (23:12)  
Finance Ministry says tax on ATM withdrawals not in the cards
´Grexit´ risk dips even as aid talks go to the wire, investor survey shows
Greece might sidestep June 5 IMF payment deadline
Gov´t considering small tax on ATM withdrawals
Germany sees progress on Greece, EU officials to confer on Thursday
A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5. Separately, euro zone offi...
Brussels Group postponed to Wednesday
A new round of discussions between Greece and its creditors, originally expected to take place on Tuesday, have been postponed to Wednesday, a high-ranking government official said on Tuesda...
Inside News
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
Inside Sports
COMMENTARY
Shame, justice, democracy
Contrary to the urban myth that Greek students are no longer taught Ancient Greek at school, they are both taught and tested on it. This does not mean to say, of course, that the subject is ...
EDITORIAL
Worrying signs in ruling party
Statements made by certain high-ranking SYRIZA officials during the party’s central committee assembly on Saturday are a source of concern. It has become blatantly clear by now that a signif...
Inside Comment
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