By George Gilson
With the government struggling to manage the disastrous economic impact of the COVID-19 pandemic, Finance Minister Christos Staikouras presented "five axes" of the government's reform programme during an online Economist Conference entitled «200 Years of Economic Survival», a reference to this year's bicentennial of the start of Greece's War of Independence.
Finance Minister Christos Staikouras on Monday announced specific measures for the "greater, more immediate and targeted support of households and enterprises" to deal with the growing impact of the pandemic on the economy, raising the fiscal cost over the first quarter of the year to 5.9 billion euros, above the budget estimate that had earmarked €7.5 billion for that purpose for the entire ye
Finance Minister Christos Staikouras was expected to provide details on the support measures announced last Friday by Prime Minister Kyriakos Mitsotakis.
A presentation of the latest measures was scheduled for Monday at 9 a.m.
Staikouras was also expected to announce economic support for specific sectors.
The new restrictions announced on Friday are estimated to carry an additional fiscal cost of 200 million euros a month, Finance Minister Christos Staikouras told state broadcaster ERT on Saturday.
He noted that the measures affect 68% of businesses in areas marked "red" for rising coronavirus infections, such as Athens and Thessaloniki.