Pandemic's growing economic impact warrants extra support measures, funded by cash buffer

PoliticsGreek Politics Tags: Coronavirus, Labour, Tourism
Photo by MacroPolis
Photo by MacroPolis

Greece is going to tap into its considerable cash reserves to fund some of the economic support measures the government will roll out this autumn as New Democracy tries to avoid increasing the country’s public debt further.

The growing macroeconomic damage inflicted by Covid-19 is putting pressure on ND to come up with more assistance for afflicted businesses, particularly in the tourism sector, which has not benefited as much from the opening of Greece’s borders after the...

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