- Infowars - http://www.infowars.com -
Greece’s ailing economy grinds to a halt
Posted By kurtnimmo On June 19, 2012 @ 5:15 pm In Global Crisis,Old Infowars Posts Style,Tile | Comments Disabled
June 19, 2012
Last week, Medical Service Limited, a small Athens’ supplier of medical equipment that can no longer afford to pay its employees, received what should have been a blessing: an order from one of the city’s hospitals for a heart monitoring machine.
But after thinking it over, Yannis Stamos, the company’s co-founder, turned the customer away. Filling the order would have meant reaching into Medical Service’s own pockets to cover the €35,000 cost of such a machine, since Greek banks have stopped lending and the company’s German suppliers now demand pre-payment in cash.
Even if it could foot the bill, Medical Service would then have to hand over thousands of euros in sales tax to the Greek government within a month – long before any hospital is likely to pay.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/greeces-ailing-economy-grinds-to-a-halt/
Copyright © 2015 Infowars. All rights reserved.