ON THE BRINK: GREECE CLOSE TO COLLAPSE, FOOD AND MEDICINE RUNNING SHORT

[WestVirginiaRebel]

Breitbart:

Greece is on the brink of ruin as food and medicine run short and banks struggle to stay afloat.

 

Banks claimed they had €1bn of cash left to see them through the weekend, just €90 per head, and need immediate help from the European Central Bank.

 

Meanwhile, capital controls have led to staple foods, such as sugar and flour, to run short while pharmacies report they are fast running out of essential drugs.

 

Mary Papadopoulou, who runs a pharmacy in Plaka, told The Guardian that she had already run out of thyroid drug and would soon be out of others: “We have shortages. We’ve run out of thyroxine and unless things change dramatically we’ll be having a lot more shortages next week.”

 

The majority of Greece’s food supplies are imported, but the government’s ban on bank transfers means companies cannot pay their suppliers.

 

Vasilis Korkidis of the Confederation of Hellenic Commerce said: “Imports, exports, factories, firms, transport – everything is frozen. The only sectors in demand are food and fuel.” He added that the economy had lost €1.2bn in the past week alone.

 

“Even in the best-case scenario, it is going to take months to recover from the shock of closed banks and capital controls. Now that they are in place, capital controls may last for a year.”

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The dying man of Europe.