Bloomberg News

Athens Protests Cost Business Over 400,000 Euros, Chamber Says

October 25, 2011

Oct. 25 (Bloomberg) -- Looting in central Athens during demonstrations last week cost local businesses more than 400,000 euros ($555,800), the Athens Chamber of Commerce and Industry said.

At least 62 businesses, including 9 bank branches, were affected by damage to buildings, while some of these businesses also saw losses after goods were stolen, the Chamber said in a statement on its website.

Constantinos Michalos, the body’s president, wrote to Finance Minister Evangelos Venizelos to ask for compensation for the businesses concerned as they are already seeing lower sales amid reduced consumer spending, according to the statement.

Some protesters clashed with police in central Athens on Oct. 19 and 20 during a 48-hour general strike as parliament debated and voted on extra austerity measures designed to secure more financial aid for Greece.

--Editors: Peter Branton, James Kraus

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Angela Cullen at

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