Government 'satisfied' with Eurogroup package

The government has likened the financial agreement struck by Eurozone finance ministers on Thursday in response to the Covid-19 pandemic to a prescription of painkillers when what is really needed is antibiotics.

It was nonetheless satisfied overall with the outcome. 

The package, worth a total of 540 billion euros, includes 240 billion from the Enhanced Conditions Credit Line (ECCL) of the European Stability Mechanism (ESM) for eurozone member-states, 200 billion in business loans - with an emphasis on small and medium-sized enterprises - from the European Investment Bank and 100 billion in other loans. 

Greek government officials see the agreement as a first step and predict that more financial tools will be made available in the near future to mitigate the unprecedented financial crisis caused by the global pandemic.

They also find it encouraging that...

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