Stand-Off Between Government And International Lenders Ends

News: The Greek government and the troika of international lenders - the European Commission, International Monetary Fund and European Central Bank - have brokered a deal on the sale of over-the-counter (OTC) drugs at outlets other than pharmacies. Under the agreement, pharmacists will be given a three-month deadline to offer discounts on non-prescription drugs in an effort to decide whether these products will be sold exclusively at drug stores or also by other retailers. The health ministry's negotiations with the troika were difficult, as it felt that liberalisation of the OTC drug market will not auger well for the country, which has the highest rate of pharmacies per resident in the world, according to Health Minister Adonis Georgiadis

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Related sectors of this article: Pharmaceuticals & Healthcare, OTC
Geography: Greece

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