In an interview with ERT, Finance Minister Christos Staikouras said that if needed, the government will announce further targeted policies and assured that the country’s cash reserves are sufficient for the next two to three months, without “needing to use the ‘security cushion’.

He also ruled out a reduction in public sector wages, based on current data, and estimated that the recession in the country could be close to 3% for the current year.

According to the government, 8 out of 10 private sector employees will receive the 800 euros emergency financial support, while about 800,000 businesses will be able to suspend tax and insurance obligations.

Support measures are also envisaged for the primary sector, through the allocation of 150 million euros to the Ministry of Rural Development, to support farmers, stockbreeders and fishermen affected by the coronavirus crisis.