John Herrman at Buzzfeed has been monitoring the fallout from the shutdown of Silk Road. One that he’s uncovered: Drug dealers who used the site for supply are out their suppliers and their cash. (“Silk Road has processed hundreds of millions of dollars in orders in a virtual currency, so expect the ripple effects of this shutdown will be massive.”)
Pharmeceutical companies are cutting drug shipments to Greece because public hospitals haven’t paid their bills, and because drug prices in Greece are lower than in other EU countries (“It’s a disgrace. The government is panic-stricken and the multinationals only think about themselves and the issue of parallel trade because wholesalers can legally sell them to other European nations at a higher price.”). It’s working out pretty terribly for patients.
PULLQUOTE 1: “The government has drawn up a list of more than 50 pharmaceutical companies it accuses of halting or planning to halt supplies because of low prices in the country.”
PULLQUOTE 2: “In Athens and Thessaloniki, Greece’s second city, chemists say they are often overwhelmed by people desperately trying to find life-saving drugs. Oscillating between fury and despair, the customers beseech pharmacists to hand over medications that they frequently do not have in stock.”