New package of up to 15 billion euros in pipeline

The government is drafting a new batch of measures to support workers and businesses affected by the coronavirus pandemic in addition to what has already been announced and implemented. 

According to the prime minister's chief economic adviser, Alexis Patelis, a new support package of 2-3 billion euros for employers and workers is being prepared for the two-month period from May to June.

A plan to boost corporate liquidity in the form of grants, loans and loan guarantees to the tune of 6-12 billion euros will also be announced next month.

Moreover, the government is working on an interest rate subsidy plan for loans that were being properly serviced at the end of 2019.

Patelis revealed the government's intention after a conference call with investors last week.

He noted that the government expects GDP to shrink in the second quarter, with a...