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Shop owners in Greece warn capital controls could lead to shortages

Tuesday, July 07, 2015 - 00:59

Drug makers have started putting quotas on their products to prevent pharmacies from stockpiling supplies while Greece's future remains uncertain, according to shop owners Deborah Gembara reports.

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At pharmacies like this one in Athens, the shelves are full but it isn't clear how long that will last . New capital controls, put in place last Monday have some owners worried about medicine and supply shortages (SOUNDBITE) (Greek) Pharmacy Owner Anna Chatzopoulo "Things are getting a bit tougher...We are taking things one day at a time. Efforts put in place to keep the banking system from collapsing have had a ripple effect --- with suppliers placing quotas on their products --- to prevent stockpiling. This pharmacy owner says she's doing OK for the moment thanks to good relationships with her suppliers. However, if Greece's leaders fail to reach a deal soon, she says her shelves will be empty within a matter of weeks. With so much uncertainty about the economy, many pharmacies are now only accepting cash.

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Shop owners in Greece warn capital controls could lead to shortages

Tuesday, July 07, 2015 - 00:59