Greece revises EU-aided plan

The government will submit its revised plan for funding from the European Union's Recovery Fund on Thursday.

The revised plan would ditch some approved projects budgeted at €800 million deemed unnecessary or difficult to implement and replace them with others. The government aims to absorb all available EU funds by August 2026.

Even though the total budget for Greece 2.0, Greece's plan, has been reduced by some €340 million to an overall €17.43 billion, due to the economy's rapid growth, the Greek government hopes to secure additional funding of €795 million through the REPowerEU program aiming to facilitate energy transition and end EU dependence on Russian fossil fuels by 2030. This would bring the total funding to €18.22 billion.

At the same time, Greece will request a further €5 billion in loans from the Recovery Fund, bringing the total to €17.7 billion....