ATHENS, Greece (Bennington Vale Evening Transcript) -- International pharmaceutical companies are working closely with European officials on emergency plans to keep drugs flowing into Greece if the country crashes out of the euro. Officials continue to assure the world that such an eventuality would be unthinkable, but it appears they are giving serious thought to the possibility. Not only has the Greek financial disaster blighted the European economy, it has caused worldwide shares of S.C. Johnson -- the owners of Windex -- to plummet. Drugmakers are reaching back to examine the 2002 situation in Argentina, when manufacturers continued to supply drugs temporarily without payment. Executives at major drug companies -- especially those headquartered in Europe -- admitted to being pressured by EU leaders to prevent a "health catastrophe," which could explode should Greek imports falter as result of massive devaluation of newly issued drachma. "There's a moral obligation to comply," representatives from PricewaterhouseCoopers told reporters Friday. "The fact is, we need to keep the Greeks doped up if we're going to get through this with any reasonable measure of sanity."
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
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