Situation Is Getting More Desperate In Greece: People Are Eating Expired Foods, Government Is On The Brink Of Collapse, And Greek Court Warns Troika-Demanded Austerity May Be Unconstitutional

Thursday, November 1, 2012
By Paul Martin

Investmentwatchblog.com
November 1st, 2012

Greece turning to desperate measures as citizens face starvation due to economic collapse

The European nation of Greece appears to be sliding ever so progressively into the abyss of total collapse, as illustrated by a recent government measure aimed at feeding the growing hordes of hungry, unemployed Greeks across the nation. A report translated into English from Voz Populi explains that, under the new law, Greek merchants will now be permitted to sell expired foods at a reduced rate to the nation’s poorest citizens, who are becoming increasingly unable to afford basic necessities.

Since price control efforts have largely failed thus far, as have austerity measures aimed at reviving the nation’s economy, the Greek government is grasping at straws to maintain some illusion of normalcy in a country where the unemployment rate has now breached 25 percent overall, and more than 54 percent among the youth population aged 15 to 24.

“We are sinking in a swamp of recession and it’s getting worse,” Dimitris Asimakopoulos, Head of the Greek small business and industry association GSEVEE, is quoted as saying by phillyBurbs.com. “180,000 businesses are on the brink and 70,000 of them are expected to close in the next few months.”

Greece Running Out of Cash; Government Under Threat

Greece’s downward spiral has come to the top of the euro zone agenda again, with economists and analysts warning that it is closer than ever to running out of cash, and that the survival of a coalition government brought in just five months ago is under threat.

The Rest…HERE

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