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Article: Supermarkets in Greece join import battle
- Article from:
- Chicago Sun-Times
- Article date:
- November 9, 1986
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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ATHENS: Supermarkets around Greece have begun a two-week "Buy
Greek" promotional campaign, slashing prices in efforts to counter a
consumer trend to ignore Greek products and buy foreign goods.
Official statistics showed that last year Greece imported twice
as much as it exported. Greek imports amounted to $9.7 billion,
compared with imports of $4.6 billion.
The government-sponsored campaign, which has cut the prices of
such traditional Greek products as olive oil, honey, nuts, wine and
ouzo by up to 25 percent, aims to reduce rapidly growing consumer
demands for foreign imports.
The Socialist government, facing a rising foreign debt of $16
billion and the need to borrow heavily next ...