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Greek PM urges fast-track legislation to regulate prices
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08:54, October 08, 2008

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Greek Prime Minister Costas Karamanlis on Tuesday urged the Development Ministry to quickly push through legislation designed to regulate the operation and supervision of markets and prices.

"We must all go above and beyond ourselves to deal with the problems," he stressed in statements to reporters.

Karamanlis also called for the maximum frequency of market inspections and the prosecution of certified offenses involving price-gouging to the full extent of the law.

Referring to the international economic crisis, Karamanlis said economies were undergoing sharp shocks, with strong upward pressures on inflation. Along with the long-term imbalances of the Greek market, these were increasing the pressures on households, he added.

"I am well aware that the unemployed, those on low pensions and those on low incomes in general are finding it hard to get by," Karamanlis stated.

He described the problem of high prices as "difficult and complex" and stressed that the government's efforts sought to minimize the impact of the economic crisis on the market.

Source:Xinhua



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