Staikouras: Greece Will Extend, Expand and Enrich the Support Package

November 5, 2020

ATHENS — Finance Minister Christos Staikouras on Thursday said that the government will extend, expand, enrich and strengthen the support package for employees and enterpises after the restriction measures for the pandemic to be announced by Prime Minister Kyriakos Mitsotakis at noon.

Staikouras, speaking to the public broadcaster ERT, underlined that the support measures will move on four axes: support of workers, businesses liquidity, suspension of tax obligations and the reduction of rents.

According to the minister, there are sufficient cash reserves (today they stand at 37 billion euros, the same as at the start of the health crisis) to support a large part of society even in the worst-case scenario. "We fill the coffers and we offer them to the real economy," he said.

The minister estimated that a full lockdown will cost over 2.3 billion euros while the final draft of the 2021 state budget will include a revised forecast for a deeper recession this year. He clarified, however, that in 2021 there will at least be no fiscal rules and targets in Europe, which will mean there is fiscal flexibility.



ATHENS - The Greek-Russian trade balance remained in the red in March showing a deficit of 527.

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.


Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

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.