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Monday, February 11, 2013

Greeks snatch urban metal to get through crisis





[...] locked in recession and crushed by debt, Greeks are targeting many of those projects, gouging out the metal and selling it for scrap to feed ravenous demand driven by China and India.

The capital's 9-year-old light rail system has been a prime magnet for metal robbers, with at least five major disruptions reported in the past six months due to cable theft that forced passengers to hop on and off trains as diesel replacements were needed.

Roadside crash barriers, storm-drain covers, heavy factory doors, as well as mining equipment, irrigation machinery and even cemetery planters made of metal have all gone missing in and around Thessaloniki, the country's second largest city, amid concerns that previously law-abiding Greeks are turning to crime in growing numbers.

Police near the frontier with Turkey last month arrested 18- and 19-year-old suspects accused for stripping 300 meters (nearly 1,000 feet) of cable from street lights, blacking out a stretch of newly built highway that runs across northern Greece.

Recent inspections also turned up another 300 meters of stolen cable on a passenger bus headed to Albania, along with a cache of candle holders, snatched from graveyards and loaded onto small trucks, that were stopped and searched at the Greek-Bulgarian border.

Ordinary scrap metal sells on the black market for about €1 for 10 kilograms ($.06 per pound), slightly over half the legal rate, while the contraband copper fetches about 40 times that amount — still a huge reduction compared to the cable's market price.


READ THE ORIGINAL POST AT www.sfgate.com