Real estate agents value the island at around 1.5 million euros.

Mr Moscovici chose to all but endorse Antonis Samaras, the beleaguered Greek prime minister who promises to play by the European Union’s dysfunctional rules.

Samaras has to find another 12 votes to secure Dimas’s election in the third and final round on Monday.

In mid-October Greek bond yields nearly doubled as a result of investor concerns over political developments in the country.

In total old and new expired debts to the state come to 72.77 billion euros, according to Finance Ministry data released yesterday.

Establishing an assessment scheme for Greece’s job-for-life civil servants was among the list of reforms requested by the debt-hit country’s foreign lenders.

SYRIZA and Independent Greeks both slammed the prosecutor’s decision to shelve the probe.

As presidential vote enters second round.

Samaras called for consensus over the government’s presidential candidate, Stavros Dimas.

Regeneration efforts on forestland that failed to bear fruit within five years can be terminated.