ECONOMY

Gov’t steps off target, says survey

The majority of small-business owners believe that government measures taken to deal with the fallout of the global financial crisis have been inadequate as they are seeing their revenues drop and battling cash-flow problems, a survey showed yesterday. A survey commissioned by the General Confederation of Greek Small Businesses and Traders (GSEVEE) found that three in four businesses believe government steps to help boost the economy are inadequate and have been aimed at supporting large companies. The main problems cited by the majority of respondents included a drop of revenues, cash-flow problems and greater delays in receiving money they are owed, according to the survey. The survey questioned 1,100 businesses between April 27 and May 4. Among the proposals put forth by GSEVEE to help the sector deal with the downturn were the introduction of tax cuts for businesses in high unemployment areas, incentives to maintain existing staff levels and freezing bank loan payments until the end of the year.