Greek economy to get multi-billion-euro lifeline

Prime Minister Kyriakos Mitsotakis will announce steps to revive the economy in a televised address on Wednesday. These steps will be mainly focused on tourism but will also concern other sectors affected by the coronavirus pandemic. 

The measures, both long-term and seasonal for the summer months, will be based on two pillars: fiscal interventions of 7 billion euros and liquidity of 10 billion euros. 

In his address Mitsotakis is expected to lay out the general framework of the roadmap to restart the economy this year and trigger a dynamic recovery in 2021, before handing over to the four ministers that will implement the plan to elaborate on the specifics - namely Finance Minister Christos Staikouras, Development Minister Adonis Georgiadis, Labor Minister Yiannis Vroutsis and Tourism Minister Haris Theocharis.

According to sources, the government will reduce...