To directly address the economic challenges presented by the COVID-19 pandemic, the government of Greece has announced several economic measures to support businesses and residents alike.
Altogether, the rolled out programs total nearly 9 percent of the nation’s GDP with mechanisms financed by the national government and European Union financial resources. In all, the support mechanisms are valued at approximately €15 billion.
Immediate support was delivered for the challenged healthcare industry, which included spending on medical supplies and hiring of essential health workers. Through loan guarantees and tax deferrals, the government has also aimed to provide liquidity for the most-impacted sectors. Further support has been announced to provide direct financial assistance to individuals across the country.
To find additional information on these programs and the larger economic response in Greece, visit the nation’s official website.