A ceiling on the gross profit margin in baby milk was announced by the Prime Minister presenting the framework of measures against punctuality, which will be specified at 12 noon by the Minister of Development Kostas Skrekas.

In particular, according to information from SKAI, the government is putting a ceiling 7% in multinationals’ trade profit for baby milk prices.

The Prime Minister said: “The interventions are aimed at net list prices, reducing overall supplier rebates by 30% and passing the benefit on to the consumer. It concerns widely used products such as toothpastes, household cleaners, baby diapers, fruit and vegetables”.

Especially for baby milk he said it was “totally unwarranted”.

“There will be a ceiling on the gross profit margin,” said the prime minister.

“Greece is not a banana, the inflation of greed cannot be tolerated” he characteristically said opening the government meeting at the Maximos Palace.

Referring to DIMEA, he underlined that its strengthening, as well as the intensive controls in the market “have helped us a lot”.

The measures will aim to deal with chronic distortions, as it is completely unjustified for prices to be higher in Greece than abroad, Mr. Mitsotakis stressed.

He added that the measures to be announced are part of the family support policy, as the government understands the burden a family bears.