Greed

Greece is certainly grappling with greedflation, as exemplified by the exorbitant price of infant formula. The same multinational companies charge Greeks three times more than shoppers in Sweden for the exact same product.

Pope Francis on Monday assailed the "insatiable greed" of today's consumerism, calling on people in his Christmas homily to make "sharing and giving" more a part of their live, reports AFP. 

"Mankind became greedy and voracious," the leader of the world's 1.3 billion Catholics said in an address to thousands of followers in Saint Peter's Basilica in Rome.