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Politics

Georgiadis Announces Creation of Liquidity Observatory

ATHENS – Development and Investments Minister Adonis Georgiadis announced the creation of a 'liquidity observatory' to monitor the rate of disbursement of funds to enterprises from financing instruments managed by the banks, while speaking on Wednesday to TV Open.

He also said that "what interests us is not to create funding tools but for the money to reach enterprises that need it so that they can this money on hand."

Referring to the measures that the prime minister will announced on Wednesday evening, he said that the prime minister "will specify the measures for catering, tourism, liquidity to the economy and its restart, because Greece must win the second major wager. In the same way that we did well in the part relating to health, we must also do well in the economy. Obviously, the economic part is more difficult because Greece has some structural problems at the present time. We must work hard to have the good scenario of a one-digit recession instead of a two-digit one, we will see…"

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