Greek Businesses

The most vulnerable social groups are being battered by price hikes and a looming recession, and inflation is sapping the income of citizens in lower income brackets.

The government has shaped the preconditions for a successful restart of the economy by cutting taxes and insurance contributions and securing a stable environment for the participation of everyone.

In a country with a population of only 11 million the state-ordered lockdown closed 206,000 businesses which employ a total of over one million people.

The government is preparing a series of measures to bolster employees that were laid off and businesses that were forced to shut down due to the epidemic.

Merkel said that in public administration there has not been sufficient progress, despite the fact that more generally there has been progress on the reform front.