The EU’s recovery and resilience facility has been approved, providing member states with 672.5 billion euros in funding for green and digital transition projects.
The European Commission presented its 2021 Annual Sustainable Growth Strategy that includes a set of goals to be met through the use of 672.5 billion euros in financial aid.
Reigniting investment interest, infrastructure upgrades, sustainable tourism growth are priority areas to benefit from Greece’s share of EU recovery funds.
Greece secured at least €70 billion in funds to address the repercussions of the Covid-19 pandemic from an EU recovery plan of €750 billion agreed on in Brussels.
Reaching an agreement on the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU”, topped the agenda of a recent EU leaders meeting.
Greece has no need to resort to European Stability Mechanism (ESM) loans to deal with the coronavirus impact, says Greek Finance Minister Christos Staikouras.
Greece could save up to 800 million euros in interest rates over the next decade, if it chooses to use the European Stability Mechanism's (ESM) credit line.
European Union finance ministers have agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the Covid-19 pandemic on EU economies.
