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The necessity to extend support measures

Featured The necessity to extend support measures

The continuation of support measures for households and enterprises and of a fiscal loosening is necessary, and this need is even bigger in countries whose economies are largely dependent on the services sector and sectors such as tourism, Greek Finance Minister Christos Staikouras said on Monday, addressing a Eurogroup meeting.

The Greek FinMin underlined the importance of a swift disbursement of funds from a Recovery and Resilience Fund, and the exploitation of all funding envisaged in the SURE program to support employment. 

Staikouras said that Greece’s position on an EU paper on the solvency of European enterprises was to preserve the protection net of enterprises for as long as it takes.

Measures to boost liquidity will have to be even more focused, supporting sustainable enterprises to overcome the crisis and to restart with the best possible prospects, he said, adding that the Greek government was working with a plan, method, prudence and insight so that society and economy may stand on their feet after the current ordeal and enter a course of strong, sustainable and socially fair growth.