The 30-year-old billionaire CEO of crypto exchange FTX has stepped in to bail out the industry to stem contagion, much like another industry titan did a century ago.
Announcing the new package, Chilean President Sebastian Pinera said the fresh round of stimulus will bailout at least 1 million families suffering from the impacts Covid-19.
European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.
Finance Minister Asad Umar says the main purpose of the talks with the International Monetary Fund will be a "stabilisation recovery programme" to control the country's economic crisis.
Eurozone ministers agreed to extend maturities by 10 years on major parts of Greece's total debt obligations while the country secured a 15 billion euros ($17.5 billion) loan for a smooth bailout exit in August.
More than 10,000 striking workers, youths and pensioners marched to parliament around noon to protest against a new wave of austerity measures due to begin after the current international bailout expires in August.
Greece's four largest banks, Alpha Bank, Eurobank, the Greek National Bank and Piraeus Bank were stress tested four months before the country exits its bailout programme.
"We won't return to the days of plenty, the spendthrift days," Greek Prime Minister Alexis Tsipras told his lawmakers on Monday. Athens' current bailout, the third since 2010, expires on August 20.
Europe's bailout fund approved a 6.7 billion euro ($8.32 billion) loan installment to Greece with payment of the first 5.7 billion euros ($7.10 billion) expected this week.
The talks came five months before its multi-billion bailout programme expires. Greece's central bank governor, Yannis Stournaras, warned that the economy would remain under supervision from its European creditors.
Greek protesters in Athens clashed with police who fired tear gas during a strike against voting for further creditor-demanded measures which included family benefits, union strikes and property foreclosures.
New reforms, including restrictions on the right to strike, are set to be approved as the country hopes to get more bailout funding.
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