Greece tackles 'greedflation' and wages war against high prices on basic food products
The Greek government has announced fresh measures to keep prices in check as it accuses businesses of taking advantage of high inflation.
Category
🗞
NewsTranscript
00:00 Lawmakers in Greece have introduced new measures aimed at tackling sky-high food prices, an
00:07 issue that the government says is its number one priority. The state estimates that prices
00:13 will begin to fall by spring, but some residents remain sceptical.
00:18 "It's very expensive. You can't put it in your pocket. You spend 50 and in no time it
00:27 goes away." "What do you think of the new measures announced
00:31 by the government?" "We'll see. We'll see what happens."
00:34 "I see good and bad. Here you go. 7 euros for vegetables. I'm not telling you anything
00:41 else." "Do you think prices will fall now with the
00:43 new measures introduced by the government?" "Look, I'm such a big woman that they never
00:47 fell. Whatever goes up, never goes down." The Greek government says the measures will
00:52 address unfair profiteering from inflated prices, which it says can be put down in part
00:58 to global crises. "Increasing prices are the number one problem
01:03 that all households face in our country and are the first priority of the government.
01:08 The government has already taken a series of permanent and targeted measures that are
01:14 aimed at strengthening citizens against prices."
01:18 Greece is not a banana when Prime Minister Kyriakos Mitsotakis' message to the international
01:23 community was that inflation cannot be stopped. For this reason, the Greek government has
01:28 moved to 4 measures for consumer protection. Two of these have a temporary nature, while
01:34 the other two are permanent. The aim is to put a brake on the rapid increase in prices
01:38 and on the profit-making. Yorgos Dimitropoulos, Athens, Euronews.
01:42 Euronews.
01:42 [Whoosh]