Financial crises

Turkey Promises €14.3 Billion Economic Support amid Pandemic

Turkish President Recep Tayyip Erdogan on Wednesday announced an economic package worth 100 billion liras (14.3 billion euros) to tackle the impact of the coronavirus outbreak on the Turkish economy.

Erdogan said that the Turkish government will do everything it can to protect the country's economy and businesses.

Eurobank applies to join
 Hercules bad-loan scheme

Eurobank has applied to take part in Greece's Hercules bad loan reduction scheme via a 7.5-billion-euro securitization, the country's third-largest bank said.
Banks in Greece have been working to reduce a pile of about 75 billion euros in bad loans, a legacy of a financial crisis that shrank the country's economy by a quarter.