German model to protect jobs
The government is pondering different schemes to tackle reduced employment that would see it subsidizing part of lost salaries or social security contributions, once the country enters the stage of a gradual return to a new kind of normalcy.
The main tool that will be employed by the Finance Ministry will be the European Union's SURE program, which is aimed at bolstering employment and reducing unemployment risks during emergencies. According to ministry calculations, Greece will be able to claim around 1.4-1.5 billion euros from the 100 billion euros the EU plans to provide to member-states in the form of favorable loans.
EU agencies and the Greek Ministry of Labor are examining schemes employed during the 2008 credit crisis aimed at maintaining jobs in businesses grappling with a temporary reduction in demand. One scheme that is under consideration for the second half...
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