Economics

Greece Risks Unemployment Surge as Tourism Is Slow to Restart

Half of sector’s 600,000 workers risk losing jobs in 2020
Government to cut social security contributions in aid measure

People sit on the beach on the evening in Glyfada, Greece, May 13. — People sit on the beach on the evening in Glyfada, Greece, May 13.Photographer: Yorgos Karahalis/Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Paul Tugwell and Sotiris Nikas

June 6, 2020 at 12:00 AM EDT

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Vangelis Giakoumis is worried.

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Before it’s here, it’s on the Bloomberg Terminal