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Lockdown costs Greek economy as much as €3bln per month, says finMin

Greek Finance Minister Christos Staikouras said on Tuesday, said a nationwide lockdown in the country as a result of the Covid-19 pandemic translates into losses of three billion euros on a monthly basis, whereas the losses are currently calculated at 2.7 billion euros monthly.

Specifically, he said that for every 15 days of a closed retail sector in “red zone” areas, cash reserves are reduced by one to 1.5 billion euros.

Regarding the prospect of a pending reopening of the entire retail sector throughout the country, Staikouras merely said that a recommendation by a committee of epidemiologists and public health experts will determine the government’s proposal.

The government has been considering to open again the retail sector, however, a sharp increase in daily infection cases may not allow this to happen as soon as March 1, 2021, as it was planned.

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