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EU-wide debt relief for COVID's hardest-hit? – EURACTIV.com


There is a need for an EU-wide decision on partial “debt forgiveness” for each country, which will then pass on to the SMEs that have been hit the hardest by the pandemic, Greek business chief Konstantinos Michalos told EURACTIV.
“We are experiencing an extremely difficult situation throughout the pandemic lockdowns. And of course, the damages that will be incurred from the first and second wave will be very heavy for SMEs to carry on forward,” Michalos said.
“The ground is right now to challenge this on an individual government basis, so that we can bring this issue to a summit among EU leaders,” he said, adding that it will be impossible for SMEs – when they return to normality – to cope with running costs as well as with the costs accumulated during the pandemic. ....

Kyriakos Mitsotakis , Konstantinos Michalos , Mario Draghi , Sarantis Michalopoulos , Association Of European Chambers Commerce , European Central Bank , Athens Chamber , European Chambers , Financial Times , Greek Prime Minister Kyriakos Mitsotakis , சங்கம் ஆஃப் ஐரோப்பிய அறைகள் வர்த்தகம் , ஐரோப்பிய மைய வங்கி , ஏதென்ஸ் அறை , ஐரோப்பிய அறைகள் , நிதி முறை ,