Greece tackles 'greedflation' and wages war against high prices on basic food products

The Greek government has announced fresh measures to keep prices in check as it accuses businesses of taking advantage of high inflation.

Transcript

00:00 Lawmakers in Greece have introduced new measures aimed at tackling sky-high food prices, an

00:07 issue that the government says is its number one priority. The state estimates that prices

00:13 will begin to fall by spring, but some residents remain sceptical.

00:18 "It's very expensive. You can't put it in your pocket. You spend 50 and in no time it

00:27 goes away." "What do you think of the new measures announced

00:31 by the government?" "We'll see. We'll see what happens."

00:34 "I see good and bad. Here you go. 7 euros for vegetables. I'm not telling you anything

00:41 else." "Do you think prices will fall now with the

00:43 new measures introduced by the government?" "Look, I'm such a big woman that they never

00:47 fell. Whatever goes up, never goes down." The Greek government says the measures will

00:52 address unfair profiteering from inflated prices, which it says can be put down in part

00:58 to global crises. "Increasing prices are the number one problem

01:03 that all households face in our country and are the first priority of the government.

01:08 The government has already taken a series of permanent and targeted measures that are

01:14 aimed at strengthening citizens against prices."

01:18 Greece is not a banana when Prime Minister Kyriakos Mitsotakis' message to the international

01:23 community was that inflation cannot be stopped. For this reason, the Greek government has

01:28 moved to 4 measures for consumer protection. Two of these have a temporary nature, while

01:34 the other two are permanent. The aim is to put a brake on the rapid increase in prices

01:38 and on the profit-making. Yorgos Dimitropoulos, Athens, Euronews.

01:42 Euronews.

01:42 [Whoosh]