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 - 17:32 | 2891936 New World Chaos
New World Chaos's picture

Dumpster diving is the wave of the future.  Be a good citizen and superglue any dumpster locks you encounter.

Repost from a decline / decay / planned obsolescence thread last week:

Time to insidiously undermine the bastards.  Just had a big weekend of dumpster diving.  Even found another freezer to hold all the perfectly good packaged food we got.  Last year's model with a few dings; worked perfectly after replacing the plug that the dept. store cut off to prevent the serfs from getting something for free.   They're lucky the People of Wal-Mart Scooter Brigade would never think to raid dumpsters or replace plugs, otherwise they might have to smash things first. 

Dumpster diving is also a cheap way to get your preps in.  Wait until AFTER TSHTF to tell the missus you got the food from a dumpster and spent the clownbux on ammo instead.

Some people even get specific items by ensuring they end up in the bin.  It can be as simple as damaging packaging or leaving food in some unrefrigerated random location just before closing time.  I haven't stooped to this myself.

Disclaimer:  I don't know what dumpster diving is like in America these days.  Might be a good way to get your head caved in and end up in jail.

Tue, 10/16/2012 - 04:40 | 2893461 Seer
Seer's picture

Short-term at best...  Reminds me of the folks talking up waste veggie oil; it was cheap until it wasn't.  All relies on input-stream excesses, and, it should be pretty clear that such excesses are diminishing.

Mon, 10/15/2012 - 11:50 | 2890637 LongSoupLine
LongSoupLine's picture

what happens when the morgues fill up?


uhhh, sell them as food too.

Mon, 10/15/2012 - 11:52 | 2890645 economics9698
economics9698's picture

Soylent green 

Mon, 10/15/2012 - 16:15 | 2891791 krispkritter
krispkritter's picture

Soylent Greek...

Tue, 10/16/2012 - 04:43 | 2893502 Seer
Seer's picture

I look around at all the clueless and refer to them as "future compost."  iCompost?  It's not what I want, it's what will BE.

Mon, 10/15/2012 - 11:52 | 2890647 No Euros please...
No Euros please we're British's picture

Bullish for donor kebabs.

Mon, 10/15/2012 - 11:59 | 2890674 Cognitive Dissonance
Cognitive Dissonance's picture

Has anyone been paying attention to the Greek stray cat and dog population?

Just askin'

<Tastes just like chicken.>

Mon, 10/15/2012 - 12:02 | 2890683 prains
prains's picture

<smells like fish>

Mon, 10/15/2012 - 12:32 | 2890806 economics9698
economics9698's picture

Cognitive Dissonance oh fuck that is sick.

Mon, 10/15/2012 - 13:07 | 2890935 Tortfeasor
Tortfeasor's picture

That is life in backwater places like, oh say, South Korea, the Philippines, Indonesia.


Tue, 10/16/2012 - 04:49 | 2893632 Seer
Seer's picture

I've been to the Philippines (wife is from there*), and though I didn't see people consuming dog and cat I didn't really see many of them.  Those that I did see weren't exactly pampered pets: kind of sick to see some large dogs stuffed into small cages (guard dogs?).

* My/our dog is safe for now since she's my wife's companion/guard dog as well as a livestock guardian dog :-)

Mon, 10/15/2012 - 13:24 | 2890990 exi1ed0ne
exi1ed0ne's picture

Hunger makes the best sauce.

Mon, 10/15/2012 - 18:51 | 2892415 NuckingFuts
NuckingFuts's picture

Well said sir.

Mon, 10/15/2012 - 12:29 | 2890792 CPL
CPL's picture


"Monsieur, How about dolphin meatballs?"

"No no, I'm wealthy and require something rare and really silly to eat."

"Might I suggest American Bald Eagle stuffed with Northwest Spotted Owl."

"Perfect Francois, something morally and ethically questionable.  Make it between two slices of bread and put ketchup on it."

"Excellent monsieur. Side of Elephant noses as well?"


Mon, 10/15/2012 - 12:39 | 2890837 CommunityStandard
CommunityStandard's picture

There's room enough for all of God's creatures... right next to the mashed potatoes.

Tue, 10/16/2012 - 04:54 | 2893634 Seer
Seer's picture

Balut!  I'm pretty sure that this "delicacy" was borne out of desperation.  Anyone know whether there's any nutritional reason for Balut over less developed eggs?

Mon, 10/15/2012 - 13:00 | 2890908 insanelysane
insanelysane's picture

The world is full of problems......and solutions.

Mon, 10/15/2012 - 12:02 | 2890682 Azannoth
Azannoth's picture

This will give the Greek Healthcare System the rest, once all those people start flooding the Hospitals with indigestion and food poisoning

Mon, 10/15/2012 - 12:10 | 2890709 GOLDTRADERRR

Westerners are weak. Asians already eat road kill.

Man up Westerners. We're already eating crow.

Mon, 10/15/2012 - 12:39 | 2890820 graneros
graneros's picture

never mind already posted

Mon, 10/15/2012 - 13:15 | 2890962 markovchainey
markovchainey's picture

Attention shoppers!  Blue light special on aisle five:  Long Pig for $1.99/lb.

Solves the "full morgue" problem...

Mon, 10/15/2012 - 13:49 | 2891361 fonestar
fonestar's picture

Ship Lloyd Bleinkfuck over there and let them feast on his skinny rack.

Mon, 10/15/2012 - 14:33 | 2891501 Silver Bug
Silver Bug's picture

This is disgusting, society is degenerating rapidly.

Mon, 10/15/2012 - 11:45 | 2890616 ParkAveFlasher
ParkAveFlasher's picture

Long croutons, bitchez!

Mon, 10/15/2012 - 11:46 | 2890617 Hulk
Hulk's picture

They can take a lesson from Kroger, a little bleach lets meat and fish go a long way, timewise, that is...

Tue, 10/16/2012 - 04:59 | 2893635 Seer
Seer's picture

Lutefisk anyone?

Mon, 10/15/2012 - 11:47 | 2890623 PUD
PUD's picture

Greeks are stupid. Spoiled food is free in Spain if the lines by the dumpsters aren't too long

Mon, 10/15/2012 - 11:55 | 2890656 Dick Darlington
Dick Darlington's picture

They have started to lock the dumpsters in Spain...

Mon, 10/15/2012 - 13:00 | 2890910 CPL
CPL's picture

In other news bolt cutter sales are through the roof.  Why bother locking them?  Just have to keep buying a new lock.

Mon, 10/15/2012 - 20:53 | 2892651 Overfed
Overfed's picture

Shoot. You can pop damn near any padlock with a hammer. So I hear. (Eyes dart furtively from side to side.)

Mon, 10/15/2012 - 11:56 | 2890659 economics9698
economics9698's picture

And in America.

Mon, 10/15/2012 - 13:22 | 2890979 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

true story. about 18 years ago i made a long line of bad choices and found myself homeless in sacramento ca. not too far from the greyhound bus station there was a walking mall that had numerous places to eat. every single dumpster had a lock on it. was a surprise to me then... i wonder what if is like now...?

Mon, 10/15/2012 - 11:49 | 2890627 The Shootist
The Shootist's picture

There's only one solution. Greece must fulfil their destiny by razing Persia to the ground and reaping the benefits of their former empire.

Mon, 10/15/2012 - 11:48 | 2890628 GolfHatesMe
GolfHatesMe's picture

Polio is about to be cured again

Mon, 10/15/2012 - 11:49 | 2890630 ziggy59
ziggy59's picture

Yes, Desperate times call for desperate measures. But Damn!

Mon, 10/15/2012 - 11:51 | 2890631 Kreditanstalt
Kreditanstalt's picture

Nonsense.  Quite safe.  I buy loads of expired food here in Canada and haven't died yet.

Half-price yogurt, day-of-expiry ground beef, soybean milk, packaged goods...all way cheaper.  You Americans had better get used to doing this too.

Mon, 10/15/2012 - 11:52 | 2890646 ziggy59
ziggy59's picture

How would you know? This ain't Heaven. Maybe Iowa.

Mon, 10/15/2012 - 12:17 | 2890744 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

The people are made of CORN!  The corn is people!


Mon, 10/15/2012 - 12:15 | 2890734 Meremortal
Meremortal's picture

There is a expired rack in every grocery store in America. This article is stupid. Food dating is overdone, and the food doesn't go bad the second the date stamped on it passes.



Mon, 10/15/2012 - 12:41 | 2890846 LawsofPhysics
LawsofPhysics's picture

Correct, but then again the profit certainly does "spoil" after the price is dropped.

Mon, 10/15/2012 - 12:48 | 2890867 graneros
graneros's picture

You're right.  My wife and I have been buying from the day old baked foods rack for years.  Since all major grocery stores now have a bakery in them they have loads of baked goods they have to get rid of on a daily basis.  Have you checked the prices on some of this freshly baked stuff? Pies for $10? Ten bucks for a fricking pie and then 2 days later it's $2.50.

As a sign of the times the products on the reduced rack are slim pickings by the end of the day.  More and more people are buying from the reduced rack and if you don't get there when the old goods go up you'll be sucking hind titty.  

Mon, 10/15/2012 - 19:07 | 2892449 RockyRacoon
RockyRacoon's picture

My local fresh market corner store has fresh baked breads.  Today I went in and the loaves of zucchini bread were $2.  I asked why so cheap -- it's usually $5.99.  Answer:  It was baked on Saturday and today is Monday.   Bought a loaf and it was even better!   I'll be looking for bread on Monday's from now on.

Tue, 10/16/2012 - 05:17 | 2893646 Seer
Seer's picture

My wife makes our bread.

Mon, 10/15/2012 - 13:43 | 2891336 e-recep
e-recep's picture

i use expired medicine too, they are as effective as the new ones.

Mon, 10/15/2012 - 11:50 | 2890634 Mercury
Mercury's picture

Unless this is the only law that Greeks universally abide by all this means is now they don't have to bother with making up new price/date stickers.

Mon, 10/15/2012 - 11:49 | 2890635 lizzy36
lizzy36's picture

Most non- meat/non-milk products sell by date is under-reported for CYA reasons by about 50%.

My grandma, polish immigrant circa 1930's used to ONLY buy "old food". Couldn't believe that the stuff was 50% off. Used to wait until after 9pm and go and buy the "old bread" from bakery. Of course my dad and his siblings used to refer to her soup as "poison soup"........;)

Mon, 10/15/2012 - 12:10 | 2890685 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

"Quantitative easing" has made my box of "orange-colored-cheese-flavoured" GMO square bites much smaller.


Mon, 10/15/2012 - 12:12 | 2890724 ParkAveFlasher
ParkAveFlasher's picture

Stale bread is bread pudding waiting to happen. 

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