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• The Greeks top worry is inflation!

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  Amarendra Dhiraj    Group moderator

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  The Greeks top worry is inflation!

  The Greeks top worry is inflation: prices reach highest levels in 10 years. Anarchists plundered store shelves to distribute to the public.
  
  Rising prices have become citizens' top concern. A total of 48 percent of respondents named the cost of living as the "country's most important problem", polling firm VPRC said on June 9, citing the results of a telephone survey conducted earlier in the month. Six months ago, inflation ranked a distant 6th on Greeks' worry list.
  
  Inflation has put the government of Prime Minister Costas Karamanlis in a tight corner. Greeks' confidence in the government's ability to handle the economy dwindles, according to the VPRC survey. The ruling New Democracy party's lead from the main opposition socialists narrowed to 3.5 percentage points from 6 percentage points in May. That's its biggest month-on-month drop in the last five years, according to VPRC.
  
  If elections were held today, New Democracy would miss an absolute majority by 16 seats, according to the survey. A grand coalition between conservatives and socialists appears the only option for a working majority in the country's 300-strong parliament, the poll shows. "The wave of price increases works as a catalyst on the party-political landscape," the firm's chief, Yiannis Mavris, said in an interview on television station Skai.
  
  • 19 Jun 2008, 8:18 pm
  Amarendra Dhiraj wrote: > The Greeks top worry is inflation: prices reach highest levels in 10 > years. Anarchists plundered store shelves to distribute to the public. > > Rising prices have become citizens' top concern. A total of 48 > percent of respondents named the cost of living as the "country's > most important problem", polling firm VPRC said on June 9, citing the > results of a telephone survey conducted earlier in the month. Six > months ago, inflation ranked a distant 6th on Greeks' worry list. > > Inflation has put the government of Prime Minister Costas Karamanlis > in a tight corner. Greeks' confidence in the government's ability to > handle the economy dwindles, according to the VPRC survey. The ruling > New Democracy party's lead from the main opposition socialists > narrowed to 3.5 percentage points from 6 percentage points in May. > That's its biggest month-on-month drop in the last five years, > according to VPRC. > > If elections were held today, New Democracy would miss an absolute > majority by 16 seats, according to the survey. A grand coalition > between conservatives and socialists appears the only option for a > working majority in the country's 300-strong parliament, the poll > shows. "The wave of price increases works as a catalyst on the > party-political landscape," the firm's chief, Yiannis Mavris, said in > an interview on television station Skai.