90% supply reduction; citizens in near-panic
Feb 28, 2013
In a classic example of an anti-free-market collapse, fifty pharmaceutical companies are now halting supplies of drug medicines to the nation of Greece, causing severe shortages of over 200 popular pharmaceutical medicines there. Pfizer, Roche, GlaxoSmithKline, Sanofi and many other have all reportedly joined in the partial embargo out of a fear that the low-priced drugs sold to Greece would be intercepted and sold off to buyers in other countries where drug prices are kept artificially high due to Big Pharma’s monopolistic practices.
So instead of lowering the prices of drugs in nearby countries in order to stem the outflow of medicines from Greece, mega drug giants like GSK — a company that has already pleaded guilty to multiple felony crimes in the USA — are reportedly limiting or in some cases halting shipments to Greece, causing a nationwide collapse of chemical medicine.
Pharmacies say supplies have been slashed by 90% across the board, and one pharmacist says, “The government is panic-stricken.” (SOURCE)
Greek medical patients in near-panic
People are standing in line for hours to get prescriptions filled, and when they learn the drugs aren’t available, there is a lot of “screaming and shouting.” Greek citizens are in a state of desperation and anger. “We have reached a tragic point,” says one pharmacist there.
The Greek government, always ready to make things worse in the middle of a crisis, is attempting to solve this monopolistic market problem by criminalizing pharmaceutical exports, thereby blocking the outflow of low-cost drugs from Greece and hopefully ending the near-embargo that has been put in place by multinational drug companies.