Hellenic Federation of Enterprises
Finance Minister Christos Staikouras has appointed Michalis Masourakis as Greece's new representative to the International Monetary Fund (IMF), according to a ministry statement on Tuesday.
On September 1 Masourakis will succeed Michalis Psalidopoulos who leaves its post after five years and whom the government and the ministry thanked for his contribution and cooperation.
About 580,000 people will lose their jobs in the period from March to July 2020, the Hellenic Federation of Enterprises (SEV) estimates in its bulletin on the Greek economy, stressing the need for the immediate utilization of the 1.4 billion euros from the European program SURE. This would amount to €483 per person for five months.
Greece will have to restructure its production model after the coronavirus crisis has eased so that it does not depend on tourism and small and medium-sized enterprises to such a great extent, the Hellenic Federation of Enterprises (SEV) argues in its monthly bulletin.
It adds that, in that regard, the government ought to proceed with reforms and reduce energy and non-salary costs.
The Hellenic Federation of Enterprises (SEV) on Thursday asked the government to restart the economy with some bold decisions, and presented Hellenic Statistical Authority (ELSTAT) data showing that more than one in four workers in Greece has had their labor contracts suspended in accordance with the framework the government introduced in March to lessen the damage enterprises sustain as a resu
Greece's bond yields have eased from a year-high recorded in March, but remain above the all-time lows posted earlier this year.
In its latest weekly bulletin, the Hellenic Federation of Enterprises (SEV) went as far as calling for an immediate market foray, before other bigger countries do so, with an impact on yields.
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.