Finance Minister: Recession in Greece will range within the 5-10%

The Greek government will be bringing legislation within the coming week that extends the period for the sale of heating oil in order to help offset the reduced turnover for fuel sellers, Finance Minister Christos Staikouras announced on Open TV on Saturday. 

On support for workers, Staikouras said the 800-euro monthly benefit will continue to be given to the employees whose work contract is still suspended but not in the cases where the suspension is ended, while noting that many employers are expected to re-open and take at least some of their staff back as measures ease. 

On the protection of primary residences from foreclosure, which ends on April 30, Staikouras revealed that the government was examining various alternatives regarding this issue and will make announcements “when we are ready”.

Asked to comment on the credit rating agency reports that have downgraded Greece’s outlook, he noted that this was inevitable given the uncertainties surrounding the health crisis while pointing out that they also contained many positive assessments of the Greek economy and the country’s handling of the pandemic. He forecast that the recession in Greece will range within the 5-10 pct forecast by the European Commission for the EU.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthimiadis


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