Wednesday 16 June 2010

Greek Banks and Hospitals

The news from Greece doesn't get any better.

On banks:

The reduced credit ratings of Greek banks has resulted from the lowering of Moody's credit rating of Greece from A3 down to Ba1.

On hospitals:

"Hospitals near meltdown
Doctors warn of deaths due to shortages caused by dispute with suppliers
"

"Doctors warned yesterday that hospital patients will begin to die soon unless the government can resolve an impasse with suppliers over more than 5 billion euros in debts".

For full Kathimerini English edition article, see

http://ekathimerini.com/4dcgi/_w_articles_politics_1_15/06/2010_117689

Apparently an "agreement in principle" has now been reached to pay off the debt.

Personally, I have great faith in the hospitals in Ioannina (although even there I am hearing reports of funding and supply difficluties and of postponed operations). Corfu has its own problems.

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