Kyriakos Mitsotakis

Greece welcomes EC package proposal

Greece on Wednesday welcomed a plan proposed by the European Commission to disburse 750 billion euros in grants and loans to European Union countries to help them recover from the economic impact of the coronavirus.

Under the proposal, Greece is expected to receive 32 billion euros from the new recovery fund over three years - 22.5 billion in grants and 9.4 billion in loans.

Cutting excessive social security contributions

The government is planning to lower the amount of the maximum insurable earnings for calculating the monthly insurance contribution of employees and employers, which currently stands at 6,500 euros, alongside the reduction of the rates for social security contributions that Prime Minister Kyriakos Mitsotakis referred to on Monday.