Thursday, October 25,
2012 by: Ethan A. Huff, staff writer
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."
As far as the expired food situation is concerned, products with both a month
and day expiration date will be permitted to sell for an additional week, while
products with a "best before" date that contains only a month and year marker
will be permitted to sell for an additional month. Food products with only a
year indicator will be allowed to sell for an additional quarter year, under the
Because virtually all aspects of the Greek economy are unraveling, though, the
measure is unlikely to make much of a difference in reducing overall food costs,
as demand will still likely outpace supply. And repeated efforts to bail out the
nation at the EU level continue to spark massive protests and labor strikes,
which is only exacerbating the problem even further.
In defiance of proposed austerity measures that would further increase taxes on
Greece's already-struggling private business sector, 70,000 protesters in Athens
and at least 17,000 protesters in the town of Thessalonika recently took to the
streets. The protests resulted in massive public service shutdowns, grounded
flights, hospital and business closures, and public transport failures.
Sources for this article include: