Hellenic Federation of Enterprises
The Hellenic Federation of Enterprises (SEV) estimates the burden on the state budget from the shuttering of enterprises at about 6 billion euros per month, and recommends an immediate market foray while the timing remains favorable, given the low yields, as most states will also try to tap the markets soon.
The Hellenic Federation of Enterprises (SEV) commented on Thursday that the suspension of tax and social security payments by companies due to the coronavirus epidemic is a step in the right direction but not enough to tackle the effect of a drop in demand from the upcoming slide in consumer confidence.
Greece's middle-income earners are today at least 30 percent poorer than they were in the period before the economic crisis, having been overtaxed and having grown in number, as they now include previously wealthier categories too, according to Hellenic Statistical Authority (ELSTAT) data processed by the Hellenic Federation of Enterprises (SEV).
Nearly half a million Greeks left the country in the decade from 2008 to 2017, seeking a better luck abroad, mainly in Germany and the United Kingdom, according to the latest available data. The Hellenic Federation of Enterprises (SEV) is proposing a series of measures not only to stem the outpour of young, skilled Greeks, known a "brain drain", but also to reverse it.