Greece Targets ‘Greedflation’ with Profit Caps on 61 Essential Goods

Greece has imposed an emergency ceiling on gross profit margins for 61 categories of essential goods, a move aimed at preventing price gouging as geopolitical instability in the Middle East threatens to drive up domestic inflation. Development Minister Takis Theodorikakos says the measure, effective immediately through June 30, covers a broad range of products, including fuel, baby formula, and staple foods like pasta and olive oil.  Under the new rules, businesses are prohibited from exceedi...

By ANTHEE CARASSAVA