The Big Game Sweepstakes: You Could Win* This LG 65-inch OLED TV and More! Enter the Giveaway

Follow us:

Food Media 10

Pure Greek olive oil and the pressure on Greece to "reform" it to be more "competitive"

AEIOUvindobona | Mar 9, 201503:35 PM

Most of the time when people read editorials or hear TV talk about hard-hit countries being urged to "reform" and "modernize" their economies, it just sounds like good policy and the specifics aren't explained. But something that has come to public attention regarding the Eurozone demands to "reform" the Greek economy is that Greece is being put under considerable pressure to agree to start diluting its olive oil in the name of modern market-driven reform.

It is one of long list of specific items the Greeks are being told they must sign on to in order get a tranche of emergency funds released to them by European institutions in their present economic straits.

This editorial in The Olive Oil Times gives a great window of what happens to not only Greece but the apricultural traditions of all the so-called "periphery" countries of Europe (also sometimes called the PIIGS) who still maintain strong agricultural and cooperative, communal market traditions --- and who are being told to hurry up and "reform" to keep pace with the rest of the industrialized program of the EU to become more "competitive."

Want to stay up to date with this post? Sign Up Now ›

Recommended from Chowhound

Catch up on the latest activity across all community discussions.
View latest discussions