The price that Greek citizens are paying under pressure exerted on by lenders, and amid tightened ECB liquidity due to ongoing negotiations, is quite heavy.
The assessment comes from entrepreneurs and market representatives, which are warning that the country is on the economic brink, with risks emerging of shortages in foods, medicine and other basic materials if a dramatic event occurs.
According to the representative of a major supermarket chain, “the situation currently is controlled due to a good management of warehouse stocks. Despite that, we are at an all-time high alert since suppliers notify us that they will have a hard time supplying, due to a lack of access to materials internationally. All foreign businesses now require payments beforehand, and many multinational companies will not even accept the collateral that Greek banks may offer.”
Several supermarket chains are also developing plans to fill demand, since a lack of foods and other necessary products is a growing risk.
Ask me anything
Explore related questions