Investment Programms

A new start for employment and growth in Greece: Commission mobilizes over 35 billion. euro from the EU budget

Two days after reaching an agreement that paves the way for a new assistance program for Greece, the European Commission has unveiled today plans to help Greece to maximize the use of EU funds.

According to the mandate given by the Summit of the euro area on 12 and 13 July, it will help mobilize over 35 bn. € until 2020, to support the Greek economy, provided that the conditions agreed at the summit of the eurozone will be met. The program for employment and growth in Greece aims to support the comprehensive reform package which could form part of a program under the European Stability Mechanism. The two elements that - reforms and mobilization of funds for investments and coherence - are vital to restore jobs and growth in Greece, to put the country back on track prosperity. The program for employment and growth will favor investment in human resources and operations in Greece. It comes as a continuation of the assistance already granted by the Commission in Greece Katha throughout the crisis, in the form of both financial support and technical assistance.