Industry Takes Government Debt Complaints To EC

The European Federation of Pharmaceutical Industries and Associations (EFPIA) has lodged a formal complaint with the European Commission (EC) over Greece's non-payment of debts. According to the Hellenic Association of Pharmaceutical Companies (SFEE), cited by the Financial Times, cumulative debts owed to drug and medical device companies reached EUR6.5bn during mid-2009, well above official government statistics which estimated outstanding hospital debts of between EUR2.5bn and EUR3bn in October. Despite the new PASOK-led socialist government stating that settling arrears would be a priority, BMI believes that delayed payments will be almost impossible to eliminate in 2010 and could prevail for

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