The Greek government and the banks seem to converge to three measures in an effort to support the economy and help businesses in this unpredicted crisis, protothema.gr reports.
Meetings are held through video conferencing.
The first measure concerning business loans is the payment of interest only and not capital until the end of September 2020. The measure concerns businesses in affected areas.
The second is interest-free loans to prevent the collapse of businesses in order for affected sectors such as tourism, leisure and catering to survive.
Third, the government has started negotiations with servicers and the institutions so that halts in payments won’t put the loans in the default category.
At the same time, support will be being given to firms, with the aim of surviving for the duration of the crisis.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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