Greece will receive a total of almost 77 billion euros over the next seven years


Greece will receive a total of nearly 77 billion euros over the next seven years to help accelerate the recovery of its economy, according to the European Commission.

Speaking to Greek news agency ANA on Sunday, EU Cohesion and Reform Commissioner Elisa Ferreira said the European Commission would do its best to speed up the review of the operational plans Greece is submitting for the new funding period 2021-2027.

Greece will receive a total of nearly 77 billion euros over the next seven years to help accelerate the recovery of its economy. The funding will come from: the Partnership Agreement (PA) for the 2021-2027 Development Framework (the new CRSN), approved by the Commission at the end of July 2021, with an allocation of 26.2 billion euros, of which 5, 3 billion national contribution; the € 18 billion in grants and € 13 billion in loans from the European Recovery and Resilience Fund; and new funds from the common agricultural policy and other EU packages.

In comments on the sidelines of the European Week of Regions and Cities in Brussels, Ferreira explained the process as follows: “After the approval of the overall plan, there are in principle 3 months for the country to come up with the operational plans and 5 months for the Commission to analyze them. The more solid the plans, the shorter the time for the Commission to analyze them. “

In the process, she stressed, “the problem is not the funding – the problem is the quality of the programs” that are submitted. She said, however, that “there is no rush.”

Greece has been the forerunner in preparing the comprehensive plan and the Commission will do its best, she said, “to speed it up. Especially the programs which are really needed more in Greece and which the country is more interested in completing. “

Ferreira said the new funding for the recovery and PA / NSRF in Europe after the pandemic was reminiscent of the Marshall Plan after World War II. As she explained to ANA: “What I’m saying is we’ve had this deep crisis but, in this case, we have a Marshall Plan – we have a plan but in fact it’s historic, robust, strong, so let’s do our best for that. “

She cautioned, however, that the message she wanted to share is that “this is not money to be used as usual. It is money to invest, not to spend. It has invested in a stronger and more sustainable society and economy for the future, and Greece is working extremely hard to be at the forefront in this area.

Also citing comparable project possibilities, she said: “If you have a very successful program in West Macedonia like the one in Silesia, because they are large areas and very visible, you can really become an example for the country to follow. rest of Europe.

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