Today the planet relies on scientists, listens to their advice, obeys their guidelines, and realises the importance and danger of their job.
'Based on the current situation, we will not use all tools,' the finance minister said, adding that 1.5bn euros are earmarked for bolstering employment and will be disbursed through the SURE programme
It is no coincidence that in every recent crisis the catalyst that led to a compromise was not a sense of solidarity but rather a fear of dissolution and disaster.
Under the most serious scenario - a 20% contraction in income - the number of people living in extreme poverty would rise by 434 million people to nearly 1.2 billion worldwide.
The largely agreed part of the package is guarantees for the European Investment Bank to back up companies and a scheme for the EU to help subsidise wages across the bloc so that firms can cut work hours, not jobs.
The projections of analysts, economists, and international organisations point to an horrific landscape the day after the pandemic.
'There are still differences, which it is estimated will be bridged by tomorrow,' the finance minister said.
Much like Mario Draghi, ECB chief Christine Lagarde has declared that she will do anything necessary to bolster the eurozone and in this case to temper the economic shock of the pandemic.
Since the coronavirus outbreak in Greece and 23,356 Greek nationals have been required by authorities to go on a 14-day strict quarantine at home, Civil Defence Deputy Minister for Crisis Management Nikos Hardalias said today.
A proposal by nine countries including Greece for the issuance of an emergency “coronabond” to grapple with the public health and economic repercussions of the Covid-19 crisis appeared unlikely but they would like it to remain on the table.
That will take constant vigilance, discipline, and concentration to the very end so as to flatten and reduce the epidemic’s curve of spread.
'The focus of the government will continue to be on making sure that the prime minister’s direction, all the plans for making sure that we can defeat coronavirus and can pull the country through this challenge, will be taken forward,' Raab said.
The authors argue for major aid packages to cover the financing needs of countries that most need it without austerity string attached which would produce the same mistakes as in the handling the aftermath of the 2008 economic crisis.
Without solidarity, common action, and a collective assumption of the dangers involved there is no salvation or deliverance.
The issuance of one-off “coronabonds” is one possibility. There are other instruments that could be used, like an EU rescue fund or measures involving the ESM or the European Investment Bank.
The measure of the temporary circulation ban will be extended until April 27, Deputy Civil Protection and Crisis Management Minister, Nikos Hardalias, said.
'Employees and workers in traveling to and from work [[mass transit] are packed together one on top of the other and are kept in close proximity in many workplaces and often use the same equipment.'
The health ministry announced that 99 new cases were confirmed and six patients died in hospital in the last 24 hours.
In parliamentary debate yesterday it was clear that the objective was to earnestly seek the best solutions and forge the necessary consensus to elucidate all aspects of the pandemic crisis..
The level of debate in Parliament yesterday was a far cry from what one used to see in the tumultuous years of Greece’s bailout memorandum and prior to that. The difference does not lie in the fact that the seats were almost all empty – only party leaders with a handful of their MPs were […]