Ministry of Finance

Greece will submit a list of how it plans to use resources from the EU's coronavirus Recovery Fund to the European Commission in October, Finance Minister Christos Staikouras said on Thursday.

Bank of Greece Governor Yannis Stournaras on Monday stressed the need to seek and activate instruments such as a bad bank, as the so-called Hercules Asset Protection Scheme (HAPS) is considered insufficient, while he also recommended taking recourse to the credit line of the European Stability Mechanism (ESM).

Finance Minister Christos Staikouras said on Thursday that the government will address the issue of additional tax cuts after October as any decisions will depend on the course of the coronavirus pandemic, on Greece's fiscal performance and on the cash the country has in its coffers.

Year-round hotels will open on 1 June along with camping sites and summer season hotels will follow suit on 15 June, Tourism Minister Harry Theoharis told a news conference today on the government's third phase of coronavirus-related measures.

Greek Finance Minister Christos Staikouras on Wednesday presented a new package of 15 policies to be implemented from June until October 30 in the framework of the third phase of a plan for economic recovery.

Greece's economy may shrink by 10-13 percent this year following a lockdown imposed to stem the spread of the novel coronavirus, the country's finance minister said on Wednesday.

Prime Minister Kyriakos Mitsotakis will announce steps to revive the economy in a televised address on Wednesday. These steps will be mainly focused on tourism but will also concern other sectors affected by the coronavirus pandemic. 

The Greek government has proposed the reappointment of Yannis Stournaras as governor of the Bank of Greece, the country's central bank, a government spokesman said on Tuesday.

Greece outperformed all its European Union peers in terms of economic sentiment last month, Finance Minister Christos Staikouras stated on Saturday, following the publication of relevant data by the European Commission.

The government is assessing requests by food service professionals for a reduction in the value-added tax in the sector and for the VAT on face masks to be waived, Finance Minister Christos Staikouras told Skai TV on Friday.