MacroPolis

Pandemic's growing economic impact warrants extra support measures, funded by cash buffer

Greece is going to tap into its considerable cash reserves to fund some of the economic support measures the government will roll out this autumn as New Democracy tries to avoid increasing the country’s public debt further.

The employment balance was positive by 67,911 more hirings than firings in July, according to data released on Friday by the Labour Ministry’s Ergani information system.

The employment balance was positive with 37,568 more hirings than firings in June, data from the Labour Ministry’s Ergani information system showed.

The employment balance was positive with 32,975 more hirings than firings in May, data from the Labour Ministry’s Ergani information system showed.

The employment balance edged into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.

The employment balance turned sharply negative in March with 41,903 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.

The government has announced a fourth wave of measures aimed at supporting struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain.

Greece marked its Independence Day on Wednesday, with the focus on battling the coronavirus, which has now claimed 20 lives in the country.

The employment balance turned positive in February with 24,867 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.

The employment balance was negative by 17,318 in January according to data from the Labour Ministry’s Ergani information system.