Wednesday, June 20, 2012

Greece’s ailing economy grinds to a halt -

The looks at the effect that a lack of credit is having on the Greek economy.

"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."

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