Greek economy’s vaccines: QE and cash buffer

Greece’s biggest weapon against the pandemic-induced crisis is none other than its own cash reserves, which can both finance its support measures and signal to the market that the country has no liquidity problems. It also has a great ally in the European Central Bank and its bond-buying program, but analysts who spoke to Kathimerini agree that the cash safety cushion is making the difference thanks to Athens’ wise use of it.