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New deputy Dev’t Minister promises: Price reduction in milk, bread, oil, detergants, diapers and telephones”

Here is the answer to all those miserable Greeks criticizing the new Greek cabinet. Deputy Development Minister Gerasimos Giakoumatos made the difference right from the start of assuming his new duties. He promised to reduce prices in several basic goods.

“My goal is one and only!” he told reporters on the first day in his new office and explained “the reduction in the price of bread, milk, oil, detergents, babylino and phones…”

Apart from the fact of the not-so-hidden advertisement for baby diapers brand “Babylino”, Giakoumatos did not elaborate on how exactly he will put the price reductions into force. Neither did he elaborate whether the price reduction in the phones refers to phone devices or speaking time.

Despite the recent OECD-imposed “reforms” in milk and bread, not price reduction has been seen so far.

On the other hand, we often see price reductions been annulled due to extra charges of taxes and fees. Electricity price went slightly down, for example, but fees increased with the effect to have a 2-month bill of €120 from which €65 is the electricity consumption and the rest being several fees and extra charges,

The “price reduction” fairy tale in a country where citizens lost 40% of their incomes in the last four years is a never ending story with dragons but no prince. The rest is history…

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