x

Economy

PM Mitsotakis Urges Greek Bankers to Help Struggling Businesses with Liquidity Tools

ATHENS – Prime Minister Kyriakos Mitsotakis discussed how banks can infuse liquidity into the Greek economy following the coronavirus pandemic, at a Tuesday video conference with key ministers, the governor of the Bank of Greece and bank executives.

Mitsotakis noted that the survival of coronavirus-afflicted businesses is the government's primary concern, and that banks must ensure that liquidity tools provided by the government to them are channeled to Greek businesses, regardless of size.

They also discussed how the new European financial instruments can be best utilized to increase liquidity after the negative impact of the pandemic's first wave.

"We need to absorb the shocks as best we can and lay the groundwork for a dynamic restart," Mitsotakis underlined.

Responding to the Prime Minister's call for recovery, bankers estimated that approximately 16 billion euros of support funds can be directed into the Greek economy in the rest of 2020.

RELATED

ATHENS - Renewable energy sources will cover 50% of electricity demand in Greece by the end of 2022, Environment and Energy Minister Costas Skrekas said on Wednesday.

Top Stories

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.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

New Evacuations for Communities Near California Forest Fire

JACKSON, Calif. — Evacuation orders were expanded Tuesday for remote California communities near a wildfire that may have been sparked by fireworks or a barbecue on the Fourth of July in a mountainous region that's a top tourism destination.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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