Latest News from Greece
The problem. Mitigating the impact of the Covid-19 pandemic will require a significant increase in public spending to rescue sinking economies and further shield health systems. At the same time, tax revenues will be collapsing as long as economic activity remains suppressed. Budget deficits will inevitably swell, leading to soaring public debt.
Greece is coming under increasing pressure from the European Commission to decongest refugee and migrant camps on the islands of the eastern Aegean amid the coronavirus pandemic.
The living conditions of migrants on the islands, where some 40,000 people live in overcrowded camps, have turned these facilities into potential public health risks.
In comments to Germany's Frankfurter Allgemeine Zeitung, Greek Prime Minister Kyriakos Mitsotakis has backed a proposal by health policy professor and government adviser Ilias Mosialos for European Union countries to jointly purchase patent rights for new vaccines and rapid tests for the detection of coronavirus in a bid to respond more effectively to curbing the pandemic.
The European Commission gave a fresh boost to the Greek economy on Friday by approving a lifeline of 2 billion euros for the country's businesses.
Greece had requested support in the form of loan collateral that will be granted to local banks through the Hellenic Development Bank, so as to cover loans for corporate liquidity.
Greece's Health Ministry has announced that there have been 5 new fatalities from the coronavirus over the past 24 hours to 6 p.m. (1500 GMT) local, raising the total to 73, 52 of them men.
The average age of the victims is 74.
There were also 62 new confirmed cases, with the total now at 1735, 54.9% of them men.
The health ministry's spokesman on issues pertaining to the coronavirus, Infectious Diseases Professor Sotiris Tsiodras said today that it is unlikely that public health measures to protect citizens will be made harsher, even as it was announced that the current partial lockdown will be extended through 27 April.