This morning’s news has been brought to you by John Maynard Keynes;
Greece is facing a serious shortage of medicines amid claims that pharmaceutical multinationals have halted shipments to the country because of the economic crisis and concerns that the drugs will be exported by middlemen because prices are higher in other European countries.
Hundreds of drugs are in short supply and the situation is getting worse, according to the Greek drug regulator. The government has drawn up a list of more than 50 pharmaceutical companies it accuses of halting or planning to halt supplies because of low prices in the country.
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Separately, it was announced on Tuesday that the Swiss Red Cross was slashing its supply of donor blood to Greece because it had not paid its bills on time.
California, Illinois, New York and Ontario to follow?
Very sad, but very predictable.
Because sooner or later they always runout of other people’s money to spend.
“The government has drawn up a list of more than 50 pharmaceutical companies it accuses of halting or planning to halt supplies because of low prices in the country.” You have to love socialists. They ACCUSE companies of not selling them product they have no intention of paying for.
All of the above. Isn’t socialism a wonderful utopia.
Undt, zis is vy vee mutst raize zee taxes!
The more Government the greater the gravitational pull for the sleaze who naturally move towards the people who spend other people’s money. Cheers;
“let them die” – Capt. Kirk
I think they need to occupy Athens or perhaps burn some more businesses.
If that doesn’t work I just don’t know what else they can do.
I give Ontario 3 years and we will have the same issues.
The situation in Greece is compounded by the fact that they have parallel importation: cheap Greek drugs can be imported to Germany and sold at a higher price. The drugs are cheaper in Greece because the Greek government mandates the price.
That’s the EU for you.
Frankly, I can’t gather much sympathy for idiots that vote huge amounts of nonexistent money for themselves, then are amazed when the credit card bill comes in.
One thing about running out of meds …. much of the time one will find that they didn’t really need them in the first place. Meds are business and business wants to sell product …. you know the story. It mentions the unprofitability of selling meds to Greece doesn’t it.
California, Illinois, New York and Ontario to follow?
I don’t know about ‘Ontario’, but no, CA, IL, NY will not ‘follow’. King Barack will fluff up a big pillow filled with cash to soften any Blue State’s fall. See: Too Big to Fail.
.
Fortunately, entrepreneurs will step in and save the day for some people, by creating a black market abetted by smuggling. For those who don’t have the funds,though, it’s going to be very unpleasant.
Like in the 1920’s USA, when there’s a demand,someone will meet it.
The EU should bail out this unfortunate Country. Where THEY will get the money to do so,I have no idea.
Another planet,maybe?
Of course. Because blood is a non-essential medication.
This isn’t as simple as raising the prices on medicines the plain people of Greece can already barely afford four years into Romanianization. The banksters are quite deliberately signing the death warrants of fellow Christians, young and old, because they cannot or will not pay back a mountain of cash of which precious few of them ever saw a thin dime. And the Red Cross are helping them do it.
If the Swiss Red Cross need their money that badly, they’d be much better off sending their inquiries to wealthy Greek emigrés in Zürich who assuredly can afford the latest prescription medicines for whatever ails their hearts, livers, lungs and “lads,” all ultimately at the expense of the German and Swiss pensioners they fiddled out of their life savings.
But of course, the Golden Dawn is Greece’s biggest problem. After all, the emigrés bank with UBS and the Golden Dawn don’t.
That’s odd, the Greek ‘municipal authorities’ have lots of money to look after stray dogs!
See here http://www.reuters.com/article/2011/10/06/uk-greece-dog-idUSLNE79504120111006
“Instead of rounding them up and destroying them, the municipal authorities of Athens pay to feed more than 2,000 of them. They are neutered, given vaccines, identified with microchips and released back onto the street, wearing a tag with a phone number to call if they are in — or causing — trouble.”
The solution to the problem jumped out at me as soon as I saw the words “Greek drug regulator”.
Put the regulatory personnel into the real economy doing something productive for a change.
“let them die” – Capt. Kirk
Posted by: Indiana Homez
Exactly my thoughts too, and not just Greece. We have an overpopulation problem on this planet and it’s not going to go away until more start dying than get born.
Adapt or die, can’t come too soon.
What would Tommy Douglas do?