Greece has announced a new Covid-19 economic response package, aimed to cushion the blow for businesses and the livelihoods of workers.

The Greek government will launch the “Syn-ergasia” employment support tool, aiming to protect jobs and keep companies hit by the Covid-19 pandemic above water.

Greece could save up to 800 million euros in interest rates over the next decade, if it chooses to use the European Stability Mechanism’s (ESM) credit line.

The Greek 2020 tourism season is not completely lost, despite the smaller duration it may have, says gov’t spokesman, Stelios Petsas.

European Union finance ministers have agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the Covid-19 pandemic on EU economies.

Greece intends to support tourism and exports, two of its top sectors that are suffering due to the Covid-19 pandemic.

Tourism may receive 20 to 25 percent of a recovery fund being prepared for sectors in the EU most affected by Covid-19.

The European Commission has adopted a package of measures to support the transport sectors of aviation, rail, maritime and road, which have been hit by the Covid-19 pandemic.

The Greek Shipping Ministry will allocate 33.7 million euros to support island entrepreneurship and coastal shipping in the aftermath of the Covid-19 pandemic.

G20 nations have pledged to provide support to travel and tourism, one of the most heavily affected sectors by the Covid-19 pandemic.

The Air France – KLM Group has secured at least 9 billion euros in government aid dedicated to Air France and KLM following talks with the French and Dutch governments.

Greece’s Manpower Employment Organization will support seasonal workers in tourism who will not be hired this year due to the Covid-19 pandemic.