Wednesday, 3 August 2011

the greeks can adapt...for how long though?

[from the Guardian]

Greek personal spending has been transformed. A recent survey found 73% of people had cut non-essential items. Maria hasn't bought new shoes for years. The couple once ran two cars, but now rarely use one. They used to eat at a taverna once or twice a month, now it's once a year. Supermarket trips happen perhaps once a month, and only to discount stores. Pre-prepared food is out, no more takeaway pizzas while watching the football. They make cheap stews that last two to three days. They used to go for coffee three times a week, but at €3 for an iced coffee they now make it at home. They have stopped their occasional weekend breaks to local hot springs. Greek domestic flights have dropped sharply as people cut travel. In one local village, even the periptero – one of the kiosks that are a key fixture of Greek life, selling cigarettes, drinks and snacks – was closing down. Cash-strapped locals were cutting down on cigarettes, no one was spending on chocolate, and definitely not bottled water, with families now refilling from the tap.

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