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To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products

Tyler Durden's picture




 

Against a deflationary environment of austerity-driven wage and pension cuts combined with rising unemployment; food, commodity, and fuel prices continue to surge in Greece. The government has taken an unusual step - allowing the sale of expired food at lower prices. As Voz Populi reports, this act means the government has 'virtually admitted their inability to control prices" as the worst aspects of stagflation crush the Hellenic Republic. The regulation (allowing from one-week to one-month extensions of foods for sale post their eat-before-this-day-or-you'll-get-Salmonella date) has existed for many years, according to a ministerial decree and this action merely states that these foods must be sold at a lower price. Meat and dairy is excluded but this move is described as "an immoral act" as few believe prices will actually be reduced - since that is at the discretion of the merchant. As the National Food Agency notes: "This is also a moral dilemma, to divide consumers into two groups: those who can afford basic food and those who, because of poverty, are forced to resort to dubious quality food." We presume this will also reduce the drag on pension and healthcare costs as death rates will rise?

 

Via Voz Populi: (Google Translated)

Greece will allow the sale of expired food at a price lower than the original, in a move that the government has not been able to justify but consumer groups have interpreted as evidence of their inability to stop the escalating cost of commodities. A ministerial decree just reviving an old regulation that authorizes supermarkets and grocery stores to sell food once the expiration date, Efe reported. "This regulation has existed for many years. And it is something that is allowed in the rest Europe. All I did was point out that these products must be sold at low prices. do not understand what is causing so much noise, "said Yorgos Moraitakis Efe, advisor to the Ministry of Development, Competition and Merchant Marine.

 

The regulations exclude meat and dairy from the list of perishables that can be sold and sets a ceiling dates you can continue marketing. Thus, foods in which the expiration date is indicated by the day and the month, may continue on the shelf for another week. In the event that the "best before" only month and year point, the sale may be extended for one month, and in the event that the date indicated year alone, the sale date may be extended by one quarter.

 

Though Moraitakis Efe declined to specify the reasons for this decision and merely noted that the legislation already existed, consumer groups and even government agencies have criticized the measure. "Virtually admit their inability to control prices," Efe reported Tsiafutis Victor Consumers Association 'Quality of Life', one of the oldest in Greece.

 

Food Inflation

 

In the Greece of the crisis, the wage and pension cuts and rising unemployment, food prices and commodities has not stopped rising. Between August 2011 and August 2012, the price of sugar shot up 15%, the eggs, 6.8% for butter by 3.2% and that of coffee, 5.9%, according to data from the Statistics Authority. "It is an immoral act," criticized Tsiafutis. "Instead of taking initiatives to control prices, allow the sale of food past the expiration date."

 

Moreover, from the National Food Agency gets even concerned that the measure serves to something. "It is doubtful that these foods are to be sold at low prices, because the price control mechanisms have failed," said Yannis Mijas, president of this organization linked to the government. Indeed, the measure of how much states must be the initial price reduction, which is at the discretion of the merchant.

 

To Mijas, selling expired food is also a moral dilemma, to divide consumers into two groups: those who can afford basic food and those who, because of poverty, "are forced to resort to dubious quality food."

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Mon, 10/15/2012 - 11:44 | 2890611 prains
prains's picture

what happens when the morgues fill up?

Mon, 10/15/2012 - 11:48 | 2890624 CPL
CPL's picture

This will not end well.  

 

Besides people are already dumpster diving to find their daily bread, veg and fruit.  Greece has turned into a very rough place very quickly.

 

Take notes France.  You are next.  Germany right after that.

Mon, 10/15/2012 - 11:51 | 2890642 economics9698
economics9698's picture

Its all fun and games until the king gets his head cut off.  Kill the bankers. 

Mon, 10/15/2012 - 11:56 | 2890653 Pladizow
Pladizow's picture

Bernake comments: "Let them eat spoiled yogurt & gyros's"

Mon, 10/15/2012 - 12:00 | 2890679 ihedgemyhedges
ihedgemyhedges's picture

Customer: "Excuse me sir.  Can you lower the price of this cheese any more?"

Grocer: "Uhhhhhhh, that's not cheese."

Mon, 10/15/2012 - 12:16 | 2890738 ACP
ACP's picture

I can see the birth of a few new delicassies born out of "neccessity."

Mon, 10/15/2012 - 13:07 | 2890942 Skateboarder
Skateboarder's picture

The local falafel joint here has already added the "Austeriwich" to the menu: Stale pita, hardened falafel, soggy tomatoes, soggy cucumber, withered lettuce, moldy hummus, and a splash of tzatziki just about to go bad.

Mon, 10/15/2012 - 13:20 | 2890969 Kitler
Kitler's picture

That's just the new franchise in town... It's called  Feel-awful Falafel.

Mon, 10/15/2012 - 16:17 | 2891794 krispkritter
krispkritter's picture

We get the same kind of questionable food here in America, it's called McDonalds...

Mon, 10/15/2012 - 22:02 | 2892864 Cathartes Aura
Cathartes Aura's picture

gotta get that feedlot meat fattened up, be it with raw GMO-Korntm or High Fructose Korn processed as Kandy - then feed it to the next generation feedlot, humans & their pets. . .

Tue, 10/16/2012 - 03:44 | 2893308 Seer
Seer's picture

I imagine that some idiots will believe that this is some sort of "solution," just like the idiots promoting waste veggie oil*.

The smarter livestock folks have already notched down to a more sustainable level- grass-fed.

* I own a diesel (truck and tractor), and while I like the option I know better than to promote BS.

Mon, 10/15/2012 - 12:18 | 2890747 CPL
CPL's picture

LOL

Mon, 10/15/2012 - 12:35 | 2890822 Benjamin Glutton
Benjamin Glutton's picture

Molding pitas and rotting falafel balls bitchez!!!

Mon, 10/15/2012 - 17:19 | 2891934 DriveByLurker
DriveByLurker's picture

Grocer: "Come back next week; by then it will be saganacki."  

Mon, 10/15/2012 - 12:27 | 2890784 SafelyGraze
SafelyGraze's picture

long curry powder and hot peppers

Mon, 10/15/2012 - 13:12 | 2890884 mktsrmanipulated
mktsrmanipulated's picture

“As people’s diets are becoming more sophisticated and as they eat more beef and less grains and so on, the demand for food and energy rise and that’s the primary long-term factor affecting the real price of commodity and food,” Bernanke 2011

Hey Ben how sophisticated is it eating out of a garbage can....YOU ASS

Mon, 10/15/2012 - 12:58 | 2890900 insanelysane
insanelysane's picture

Bernanke comments:  "There is no inflation."

Mon, 10/15/2012 - 12:26 | 2890779 Kaiser Sousa
Kaiser Sousa's picture

"Kill the bankers...."

 

been sayin that since i found this place...

Ya'll gonna learn sooner or later just what George Carlin told ya..."they dont give a fuck about you..."

Mon, 10/15/2012 - 12:36 | 2890827 daveeemc2
daveeemc2's picture

true, but its interesting because he was an interesting guy.

and its already happening here in the us....the rich buy kosher/certified organic.  everyone else who cant afford that, buy toilet waste grown food.

 

bon appetit

Mon, 10/15/2012 - 14:03 | 2891407 dogbreath
dogbreath's picture

Yeah, aquaculture Talapia raised in the sewage treatment plant.  They eat all the chunks in solution and are  raised to market weight.  Saw it on Dirty Jobs.

Mon, 10/15/2012 - 12:37 | 2890830 NewWorldOrange
NewWorldOrange's picture

Au contraire Sousa...at least half of regular ZH posters will be the first group rounded up...in order to pacify everyone...because who's gonna' stand up for a bunch of tough-talkin' pimply-faced middle-aged registered sex offenders with nothing whatsover to offer the world except angry frustration and a tiny toxic penis? Hahaha

Mon, 10/15/2012 - 13:22 | 2890985 Nobody For President
Nobody For President's picture

'...there's this real exclusive club, and you and I ain't in it.'

Mon, 10/15/2012 - 12:26 | 2890780 TeamDepends
TeamDepends's picture

Are these shredded euros in our spanikopita?

Mon, 10/15/2012 - 11:52 | 2890644 Desert Irish
Desert Irish's picture

And to think they have at least another 5 more years of this to look forward to....long greek military coups

Mon, 10/15/2012 - 11:54 | 2890652 economics9698
economics9698's picture

Not if they left the EU and declared bankruptcy.  But the Greeks were never the smart ones like the Icelanders. 

Mon, 10/15/2012 - 11:57 | 2890665 Oh regional Indian
Oh regional Indian's picture

Sad.

Mon, 10/15/2012 - 11:59 | 2890675 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Yeah, but do they have death panels anything like those that will soon be ariving on the health care scene in the good ol' USSA?

Mon, 10/15/2012 - 12:18 | 2890739 hedgeless_horseman
hedgeless_horseman's picture

 

 

Want fresh food?  Five easy steps...

Step One

Step Two

Step Three

Step Four

Step Five

 

 

Mon, 10/15/2012 - 12:19 | 2890749 kahunabear
kahunabear's picture

Uh oh, be prepared for PETA, the FDA and who knows how many other federal agencies to come knocking at your door.

Mon, 10/15/2012 - 12:23 | 2890770 CPL
CPL's picture

I sew it up and put orange peels in the rabbit with ginger and cook it slow and low at 325 for a couple of hours basting it.

 

Of course Coney's are good on their own.  Basil, rosemary and oil on the skin.  Yum.

Mon, 10/15/2012 - 12:28 | 2890785 Overfed
Overfed's picture

Hmmm....I haven't had rabbit in years. It may be time to build a pen and buy some bunnies.

As an aside, what do you feed yours, HH?

Mon, 10/15/2012 - 12:34 | 2890818 CPL
CPL's picture

I shoot mine from the deck if they are in yard if I have the bow handy.  Dress and clean in under a minute.  Cut from the neck.  Pull the pelt off in one pull, then remove the head and finally two fingers up inside the breast bone and scrape into a bucket.  Remove sweet meats and discard guts.  Dogs and kitty's like the kidney, liver and heart.  Fry them up to kill any parasites before feeding them to pets, heart worms love rabbits.

 

Like pork, you do not want to see any blood and the juice must run clear.  These are rodents.  Tasty rodents.

Mon, 10/15/2012 - 12:39 | 2890836 hedgeless_horseman
hedgeless_horseman's picture

 

 

We feed them mostly grass hay and garden leftovers such as leaves and stems.

Mon, 10/15/2012 - 17:28 | 2891999 Miffed Microbio...
Miffed Microbiologist's picture

Beautiful pics HH but you left out some of the gory details. Kind of reminds me of " collect underpants..... .????.......profits". People need to be educated on the entire process. I'll never forget my first slaughter...a bit rough for a girl raised in San Francisco to behold. Mr miffed insisted our girls experience the reality where meat comes front. There were tears when Hank the turkey was served on Thanksgiving (my fault, I turned him into a pet against mr miffed's warning not to play with one's food). Ask an average kid today where meat comes from I'm sure most would say from the supermarket in pretty cellophane packages. Maybe some aren't just ready for that kind of reality.

Miffed:-)

Mon, 10/15/2012 - 12:28 | 2890787 hedgeless_horseman
hedgeless_horseman's picture

 

 

This is Simon Hopkinson's recipe with shallots, white wine, cream, rosemary, and a little lemon.  We grow everything but the wine.

Mon, 10/15/2012 - 12:59 | 2890904 CPL
CPL's picture

The cream I love, my guts do not.  Shallots though, give it a nice salty pinch.

Mon, 10/15/2012 - 12:33 | 2890811 LongSoupLine
LongSoupLine's picture

hmmm, my daughter just got a bunny from PETCO...

Mon, 10/15/2012 - 12:53 | 2890879 LawsofPhysics
LawsofPhysics's picture

Nice.  My goats are very much in the same situation.  Well rather them than me.  Bloody sheep.

Mon, 10/15/2012 - 13:10 | 2890948 the not so migh...
the not so mighty maximiza's picture

MOMMMMMMYYYYYYYYYYY!!!!!!

Mon, 10/15/2012 - 13:23 | 2890988 CloseToTheEdge
CloseToTheEdge's picture

its a new day (never name a house pet)

Mon, 10/15/2012 - 13:34 | 2891123 jumbo maverick
jumbo maverick's picture

If things get really bad someone will set up a pet exchange. See you just can't eat your own pet. But you could list it on a community bulletin board and swap your pet with the pet of someone that lives in your area.

Maybe call it pets list.com

Pretty sick. Why'd I just think that?

Mon, 10/15/2012 - 14:21 | 2891461 pods
pods's picture

Wonder if Pets.com is open?  You could make a killing on just the website name alone.

Holy Deja Vu Batman.

pods

Mon, 10/15/2012 - 15:09 | 2891615 PKF
PKF's picture

Are you really that poor?  Killing wildlife is something I would do if the grocery stores were bare, my pantry was becoming bare, and my garden had endured flood/drought.

Do rats nibble at your toes and nose?  Are you that poor? 

It must be true what that other dude said....ZH has many with the toxic penis. 

Hey, our local Food Bank gives away canned goods that are up to one year over the expiration date. 

 

Mon, 10/15/2012 - 16:28 | 2891813 CPL
CPL's picture

When your grocery store is empty or insanely over priced and HH has a brace of coney's for sale at half the cost of chicken.  Believe me, you will wait in line for service and hope HH has rabbit's left.

 

It tastes like chicken and has the highest amount of protein per pound.  More than those shitty power drinks Cretine addicts choke down during workouts.  29.5% by weight, closest beast out there than offers that much bang for the buck is Ostrich (don't ask there's an Ostrich farm locally, eggs and meat).

Here read up and shut up.

http://nutritiondata.self.com/facts/lamb-veal-and-game-products/4650/2

 

PLUS prep and clean of a rabbit takes maybe 20 seconds.  You can't get fresher food anywhere, hang it a bit to drain.  And it's delicious.  Keep the urban-suburban mindset in check when talking about food.  Your ancestors ate it and more than likely your decendants will eat it, if you survive without animal protein.

Mon, 10/15/2012 - 18:47 | 2892409 NuckingFuts
NuckingFuts's picture

PKF,

Are you mentally poor? You seem like a class A douche unless your purpose was sarcasm, in which case please ignore my rant. Are you fucking serious? Have you every REALLY been hungry? You keep eating that GMO shit at the grocery. Some of us are self sufficient and have little need. My take on eggs today was 120, 10 dozen. At $5.00 a dozen minus expenses I made about $40 for doing nothing but collecting them... Am I poor? Considering the third world country's I have visited and lived in I think I and HH are fucking wealthy.

Tue, 10/16/2012 - 04:36 | 2893364 Seer
Seer's picture

Yeah, experienced real poverty (my wife is from the Philippines).  I KNOW that I'm "wealthy" (though, not by US standards).

You're getting $5/doz?  Is this USD?  We do non-GMO feed, so input costs are up there.

My wife's happy that our latest ducks are now laying- salted duck eggs are moving pretty well. (we'd taken a hit from raptors, took out 2 of our 3 [then] females; our dog is now trained to chase these predators away).

Live in an area that's got a lot of horse folks, and I figure that before long horse will be on the menu...  I refer to horses as "home wreckers," usually women wanting their ponies over being able to eat...

Mon, 10/15/2012 - 22:00 | 2892855 prains
prains's picture

STEP 4 was like a VEGEN money shot 

Mon, 10/15/2012 - 13:08 | 2890943 Dre4dwolf
Dre4dwolf's picture

Only cities have turned into dumps.

 

Crete is thriving fairly well because everyone there is a farmer.

Sure they can't sell a damned thing for a profit, and no one has money.

But theres lambs, cheese, and food all over, food grows like wildfire there, you can't drive 20 miles without finding an almond tree, cactus fruit.

Mon, 10/15/2012 - 13:37 | 2891242 Offthebeach
Offthebeach's picture

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