The European Union urgently needs financial injections to deal with this crisis, but there’s an even greater need for solidarity.
IMF
COVID-19: EU Approves €2bn Greek Business Support Measures
The European Commission has approved a €2 billion-euro aid package to help Greece weather the economic effects of the coronavirus (COVID-19).
Is Fraport Greece Mucking Up the Off-season for Crete?
In news from Chania, regional authorities met last week with Fraport Greece CEO Alexander Zinell to discuss ways to attract companies to the region. At the to discuss expanding the horizons for Chania’s “Daskaloyiannis” airport, concerns were expressed about Ryanair’s decision to scrap its base in Chania. Underneath the positive news though, stakeholders in Crete worry the German company may be mucking up any shot at off-season tourism wins.
Airlines Forced to Reschedule Greece Flights Over Strikes
The most recent strike of public transport employees, as well as sailors and doctors, has caused airlines like Russia’s Aeroflot to reschedule or even cancel flights. And another strike of subway workers, bus drivers, tram and trolleybuses, is expected today.
Weight of Ukraine Unrest, Sanctions, Threaten EU Economies
The Ukraine unrest unfolding, US and NATO versus Russia challenges and sanctions, threaten to unravel any hope of continued EU economic recovery. This, according to an ITAR-TASS report, must be weighed against European Commission contentions. Whatever the case for western EU nations, tourism and other sectors in eastern Europe will certainly be stifled.