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Greedflation not a passing storm

Inflation is, of course, not only a Greek problem or just an imported problem. It's also not like a storm that can't be dealt with and you just wait for it to pass. Nor, again, is it a neutral phenomenon: It redistributes wealth. As long as consumption holds up, producers and retailers raise prices and profits. Are we experiencing greedflation?

Transparency and competition

Even if a reduction of value-added tax is not the solution, the continuation of high food prices is a problem that is taking a toll on society.

The Greek market suffered from a lack of transparency and healthy competition even before the current inflation crisis began, and while some efforts were made to deal with these problems, they were obviously not enough. 

Pensions and Protests in Central Europe: Different Strokes for Different Folks

But changes to pensions inevitably create fear and loathing, while any positive impacts won't be seen for years. It's little wonder then that, with so many Czech governments having led a precarious existence, little progress has been made over the decades.

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