Germany's Merck halts supply of cancer drug to Greek hospitals
Source: Reuters
German pharmaceuticals firm Merck KGaA is no longer delivering cancer drug Erbitux to Greek hospitals, a spokesman said on Saturday, the latest sign of how an economic and budget crisis is hurting frontline public services.
Drugmakers raised concerns with EU leaders earlier this year over supplies to the euro zone's crisis-hit southern half and Germany's Biotest in June was the first to stop shipments to Greece because of unpaid bills.
Publicly-owned hospitals in some countries worst hit by the euro zone debt crisis had been struggling to pay their bills, Merck's chief financial officer, Matthias Zachert, was quoted as saying by German paper Boersen-Zeitung in an interview on Saturday.
He said however that the only country where Merck had stopped deliveries was Greece.
Read more: http://www.reuters.com/article/2012/11/03/us-greece-drugs-idUSBRE8A205Z20121103
xchrom
(108,903 posts)dotymed
(5,610 posts)Pay or Die...
dipsydoodle
(42,239 posts)In not paying Mercsk's the bills it means that the government chose to spend the funds in an alternative manner.
DreWId
(78 posts)After all the austerity cuts they've been bleeding any money they could possibly hold onto in order to pay for drugs like that.
But then it all comes down to whether some things are commons (owned by everyone) or if everything can be profitized.
roguevalley
(40,656 posts)byeya
(2,842 posts)tensions will further rise.
Spain is at 25% unemployment, don't you think they'll take note of Germany's action?
roguevalley
(40,656 posts)Posteritatis
(18,807 posts)byeya
(2,842 posts)coalition_unwilling
(14,180 posts)war for the Allies by forcing Hitler to send Wehrmacht troops there to bail out Mussolini, rather than sending them to the Eastern front to fight the Soviets. The Nazis were brutal to the Greeks.
I had a boss of Greek origins who drove a Mercedes and I used to give him shit (good-natured variety) about it all the time.
byeya
(2,842 posts)the war and no doubt made Germany go into Greece rather than elsewhere.
Thanks for pointing it out.
dipsydoodle
(42,239 posts)The fact is that Greece has got socialised healthcare. Its their government who didn't pay the bill.
brentspeak
(18,290 posts)yet uses a Che Guevara avatar, as though he's going to fool anyone?
dipsydoodle
(42,239 posts)Even our NHS has issues with drugs they wont supply at all and doubtless would have similar issues if they stopped payment to drug companies for those they do supply.
brentspeak
(18,290 posts)Care to explain, in detail, why you post RW drivel under a Che avatar?
Katashi_itto
(10,175 posts)dipsydoodle
(42,239 posts)Please note that does NOT allude to your ID : simply the subject in general.
Katashi_itto
(10,175 posts)dipsydoodle
(42,239 posts)Last edited Mon Nov 5, 2012, 07:11 AM - Edit history (1)
as I have no notion whatsoever of what you're harping on about. I have expressed no more than the generally accepted principle that suppliers of goods and services do in fact expect to be paid.
The avatar is associated with support of the Cuban people and their high regard for Guevara. Having been there yourself you will of course understand that.
On the subject of Cuba - Cuba has managed despite the adversities caused by successive US governments as opposed to managing by fraud as have successive Greek governments.
On the subject of payment for goods whatever - you may recall Russia shutting down gas supplies to the Ukraine for the same reason. Do you regard Russia as being RW ?
byeya
(2,842 posts)The Euro works to the advantage of Germany and a couple of other countries and to the disadvantage of others. It's not a one-size-fits-all world but the Euro is set up as if it were.
If Greece could devalue and become competitive, then it could grow its way out of the debt problem.
EuroLand needs a treasury which it doesn't have.
dipsydoodle
(42,239 posts)Yes their being in the Euro does work to the advantage of Germany - not sure of others aside from the French defense contracts.
The current perpetual bailout situation cannot go on forever and I'm surprised , having reached the originally predicted point of November latest, they're not already back on the Drachma whatever. Last news mention on the overall subject in general in Greece was postponement pending outcome of the US elections based on the fact that when something does happen the world financial system is likely to go pearshaped.
This seems to be the latest news on the subject :
Reform votes to end talk of Greek euro exit-PM.
Nov 4 (Reuters) - Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures and the 2013 budget, Greek Prime Minister Antonis Samaras said on Sunday.
On Monday, Samaras's coalition government will submit a package agreed with its international lenders of tax hikes, spending reductions and measures aimed at easing labour restrictions that will cut wages and severance payments and scrap automatic wage hikes.
A vote on the package - expected to pass with a slim majority in parliament - is expected on Wednesday. Lawmakers should then vote on the 2013 budget, which Greece must also approve to receive more aid funds from the International Monetary Fund and European Union, on Sunday.
"Now all this (talk of Greece exiting the euro) will end irreversibly after the two votes this week," Samaras told the deputies of his New Democracy Party.
http://www.reuters.com/article/2012/11/04/greece-samaras-idUSP7E8KR00520121104
octothorpe
(962 posts)I've seen enough of his posts to know that's hardly the case.
Nihil
(13,508 posts)... (i.e., somewhere between the Greek government for not paying their bills and Merck for drawing the
line on exactly what amount of credit to allow before saying "No more" .
Regardless of where you or I believe the exact point happens to be, there is
no need for your racist "fuck germany for this" comment.
Please edit your post.
dipsydoodle
(42,239 posts)In later news on the subject of the drugs companies it looks as though aside from not necessarily paying for the drugs the Greek government had been , until last month , re-exporting some of them.
See here :
The move follows growing concerns about the situation in Greece, where the government last month took the highly unusual step of suspending all drug exports from the country in an attempt to prevent shortages.
http://uk.reuters.com/article/2012/11/05/us-greece-pharmaceuticals-idUKBRE8A40AL20121105
I'm not sure how their socialised healthcare program works. It seems to be the hospitals who were not paying the bills. When a similar situation occurred in Spain the government paid the invoices which is what I would have thought should've happened in Greece.
roguevalley
(40,656 posts)BlueToTheBone
(3,747 posts)jwirr
(39,215 posts)anything is the bottom line.
neverforget
(9,436 posts)LongTomH
(8,636 posts)Words fail me; but, "wickedness," "iniquitous," 'sinful," and just plain evil come to mind!!!!!
mrf901
(49 posts)WTF?
have it mailed to Greece from
other hospitals.
hughee99
(16,113 posts)If someone steps in and pays up, I'm sure they'll resume shipments.
dipsydoodle
(42,239 posts)Drugmakers offer to cap Greece's medicines bill. http://uk.reuters.com/article/2012/11/05/us-greece-pharmaceuticals-idUKBRE8A40AL20121105
Posted as new LBN topic here : http://www.democraticunderground.com/1014291254