For example, in recent years, global merchandise exports have been above 20 percent of world gross domestic product, compared with about 8 percent in 1913 and less than 15 percent as recently as 1990; and international financial flows have expanded even more quickly. 3 But these data understate the magnitude of the change that we are now experiencing.
The initial expiration date of December 2020 will now be extended in line with new EBA Guidelines, within the cap of the 9-month period. At the same time, the Greek government has taken a series of fiscal and labor market measures to support businesses and employment.