x

Economy

Greek State to Continue Supporting Workers, FinMin Staikouras Says

ATHENS – The Greek state will continue supporting workers during the next phase of the pandemic response, which is expected to begin with a gradual opening of enterprises, Finance Minister Christos Staikouras said on Monday. In comments made to Real FM radio station, Staikouras said that the 800-euro financial support will be offered – proportionally – to all workers of enterprises that will reopen at a later stage or remain shut and made it clear that the government was seeking to exploit the European Commission's SURE program to support workers working fewer hours due to precautionary measures. He said that the government will move, in the next few months, toward a direct or indirect liquidity support of enterprises with around 10 billion euros, mostly through European funds. He also urged enterprises to contribute themselves in protecting job positions. Staikouras said that the 800-euro financial support for workers currently suspended fronm work will be paid to another 105,875 workers.

He reiterated that the government's management of the crisis meant there was no risk of a new memorandum, adding: "We will manage not to resort to a memorandum. We don't want to use the 15.7 billion euros buffer".

RELATED

ATHENS - Greece’s rocketing recovery from the poor child of Europe to one of its best economic performers, got another boost when Fitch Ratings lifted the country’s standing to investment grade.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

Video

Teen Girls are Being Victimized by Deepfake Nudes. One Family is Pushing for More Protections

A mother and her 14-year-old daughter are advocating for better protections for victims after AI-generated nude images of the teen and other female classmates were circulated at a high school in New Jersey.

KHAN YOUNIS, Gaza Strip (AP) — Israel's military on Sunday ordered more areas in and around Gaza's second-largest city of Khan Younis to evacuate, as it shifted its offensive to the southern half of the territory where it says many Hamas leaders are hiding.

CARACAS, Venezuela (AP) — Venezuelans are voting in a referendum Sunday to supposedly decide the future of a large swath of neighboring Guyana that their government claims ownership of, arguing the territory was stolen when a north-south border was drawn more than a century ago.

CEDAR RAPIDS, Iowa (AP) — Former President Donald Trump on Saturday attempted to turn the tables on his likely rival in November, President Joe Biden, arguing that the man whose election victory Trump tried to overturn is “the destroyer of American democracy.

NANTES, France (AP) — A supporter from Nantes died on Saturday following a fight that took place before the club's 1-0 win over Nice in the latest outbreak of violence to mar French soccer this season.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.