Medicines boycott hits debt relief plan

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The Independent Online

A second Danish pharmaceutical company has made a stand against Greece's resolution to slash the price of medication by 25 per cent by removing its products from the country's shelves.

LEO Pharma says it has halted sales of two medicines in protest at the cuts because they will cause job losses. Novo Nordisk, another pharmaceuticals manufacturer, expressed similar disapproval last week, and this move is thought to bring Greece closer to a total boycott by medicine suppliers.

The aim of the cuts is to help ease the country's debt crisis. Stefanos Combinos of the Greek economy ministry told the BBC he hoped to reach a compromise soon.