15.1.12

BLANK-OUT.

I've always understood that the Welfare State exists inter alia because private charities are insufficiently liquid or inclusive enough to do the job.  In Greece, however, as the Welfare State runs out of resources, the church is being asked to pick up the burden.
[Ark of the World youth] Centre founder Fr Antonios Papanikolaou told the Mirror: 'Over the last year we've had hundreds of parents who want to leave their children with us. They know us and trust us.

'They say they do not have any money or shelter or food for their kids, so they hope we might be able to provide them with what they need.'
The next paragraph, however, conflates two errors of economic policy.
Further evidence of Greeks feeling the pinch of austerity measures is the lack of aspirin and other medicines now available in the country.

Pharmacists are struggling to stock their shelves as the Greek government, which sets the prices for drugs, keeps them artificially low.

This means that firms are turning to sell the drugs outside of the country for a higher price - leading to stock depletion for Greeks.

Mina Mavrou, who runs one of the country's 12,000 pharmacies, said she spent hours each day pleading with drug makers, wholesalers and colleagues to hunt down medicines for clients.

And she said that even when drugs were available, pharmacists often must foot the bill up front, or patients simply do without.
There's probably some Affordable Care Provision that limits the price a store can post for a bottle of aspirin, and it's an elementary supply-and-demand exercise to illustrate that when the price is below the equilibrium price, excess demand will follow, and suppliers will look for opportunities to obtain a higher price, even if that means evading export controls.  It has nothing to do with austerity.

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