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Finance Minister Christos Staikouras announced the strengthening of small and medium-sized enterprises with an additional € 1 billion. Aid will be determined according to the number of employees in the business.
Among other things, Mr. Staikouras announced:
Regarding emergency aid, it will be continued and calculated according to the number that the employee will remain in suspension of the contract.
At the same time, the debt suspension measures and the 40% discount on rental payments for companies and employees that will remain closed also apply in May. For companies that will open in May, this measure will not be repeated in the coming months.
A second repayable advance is expected within the next two months.
Specific industrial policy policies for areas affected by the pandemic, such as tourism, transportation, and primary sectors
The protection of the first residence extends for three months. However, the measure does not cover subsequent “red” borrowers, as it clarified. At the same time, he discussed a new borrower support program. A program in which the state will subsidize, for a certain period of time, a significant part of the monthly payments of those affected by the effects of coronary heart disease and will have mortgage loans on the first home.
It covers all “red loans”, both those created before the end of 2018 and those that arose later, until today, for citizens affected by the consequences of the health crisis.
However, it also covers serviced loans from all of our pandemic-affected compatriots, Mr. Staikouras said. At the same time, it is setting up safety valves so that strategic defaulters do not benefit from the subsidy.
The total cost of the measures that have been or will be implemented estimated at 24 billion eurosMr. Staikouras said.
The Minister of Finance pointed out that the margins of fiscal flexibility and employment will be exploited through the European SURE program.
With the above “weapons”, the state will make a decisive contribution during the recovery phase, knowing that, during this crisis, demand and supply in the economy have been affected, he said.
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