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The euro is not to blame for everything

The euro is not to blame for everything, and particularly not for the rising prices, the Greek daily writes. "Germany and France also use the euro, but a cup of coffee there costs less than it does in Greece. ... The strong euro has ... protected ... the Greeks from the worst repercussions of the doubling in the price of oil and food. Low interest rates ... have enabled people to take out a loan and buy a house or a new car. At the same time real income in Greece has gone up by around ten percent (whereas in Germany it has gone down by ten percent). ... The money of consumers has played an important role in driving growth, but it has also boosted imports. ... Products are more expensive now because there are people who are willing to pay the price. The end result is that those who have money have reached their limits while those who have to live on low incomes are having great difficulties."

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