Greece considers aid package to mitigate economic effects in Santorini from earthquakes

​​​​​​​By Ahmet Gencturk

ATHENS (AA) – The Greek government is considering an aid package to mitigate the economic effects of seismic activity in and around the island of Santorini, media reports said Friday.

The trend already indicates a significant drop in bookings ahead of the summer session, according to the To Vima newspaper, citing sources from the national economy. And the Finance Ministry said the package will be activated if the island’s seismic activity persists for an extended period.

A prolonged seismic threat could lead to cancellations, reduced visitor numbers and revenue losses. It could also likely affect more sectors, including agriculture and commerce, it added.

The newspaper noted that officials are advocating that the package should include measures to facilitate the hiring of foreign workers if the local labor supply falls short during the summer season.