Greece will receive €72 billion from EU funds

The EU summit approved the allocation of €32 billion from the economic recovery fund to Greece. In addition, Greece will receive about €40 billion more from the EU budget, said Greek Prime Minister Kyriakos Mitsotakis at a briefing after the EU summit on Facebook.

Mitsotakis said that an important result was achieved both for Europe and Greece. Europe sees the essence of events, it is responsible for a development fund of €750 billion and a budget for the next seven years of €1.074 trillion, the prime minister said.

“We are returning to Athens with a total package exceeding €70 billion, which is an unprecedented size for our country,” Mitsotakis said.

According to the Greek Prime Minister, the summit was a process of mutual concessions, compromises and managed to protect programs of national importance.

He assured that the funds will not be wasted.

Mitsotakis said that the priorities of the funds’ distribution in Greece will be discussed in the next weeks, and the loan programme will be submitted to the European Commission by 15 October.

Earlier, on 21 July, it was reported that the EU leaders reached an agreement on the community budget plan for 2021-2027 and economic recovery after the Coronavirus pandemic.