John Ward – Euroblown : Greece : How We All Paid €220bn To Get Deeper In Debt – How To Spend €220bn And Wind Up €20bn Worse Off – 24 May 2012

Another little dose of Greek reality. In Crete as of yesterday afternoon, prescriptions have been refused at all pharmacies unless customers pay the full price. It’s obvious really: if you raid the hospital bank accounts to pay off the bondholders, the hospitals don’t pay the pharmacies, and so the chemist charges full wack. I think under Friedmanite economics that would be called the market deciding.

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