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.


ATHENS - The growing use of Point-of-Service (POS) machines tying businesses directly to the tax department when transactions are made has helped cut deep into Greece’s shadow economy of using cash to avoid paying taxes.

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