Christos Staikouras

Staikouras outlines five-pronged plan to revamp production model, restart the economy

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.

Extra burden of €200 mln per month

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.