EU recovery fund deal hailed a ‘national success’ as Greece to receive €72 billion

·

Prime Minister Kyriakos Mitsotakis has hailed the new European Union deal on a post-pandemic recovery fund as a “national success”. The deal, agreed on Tuesday, allocates Greece around 72 billion euros ($82.38 billion) to help deal with the fallout of Covid-19.

European Union leaders agreed after four days of talks to a 750 billion euro recovery fund to help members’ economies blighted by the coronavirus pandemic. Mitsotakis said the fund gave all EU members an important financial tool.

“Today we have managed a very ambitious response, a response which responds to the symmetrical shock which the pandemic has triggered in all economies,” Mitsotakis said.

He said the funds would be disbursed carefully in Greece and with meticulous planning.

“We have no intention of spreading the money around with the carefree attitude of the nouveau-riche,” Mitsotakis said.

“We have no intention of wasting this significant European capital now at our disposal. We will invest it to the benefit of all Greeks.”

French President Emmanuel Macron also hailed the new deal, saying it followed long and difficult negotiations, during which concessions had to be made to win over member states whose objections were blocking a deal.

But the concessions were proportionate, and necessary to deliver a recovery plan big enough to be effective, he added.

“There is no such thing as a perfect world, but we have made progress,” Macron told a news briefing.

Sourced By: Reuters

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

‘The Aegean’ film in the mix for the 2025 AACTA Awards

The Australian independent film The Aegean is making waves in the 2025 AACTA Awards, securing nominations in major categories.

Labor’s Helen Politis elected Deputy Mayor of Merri-bek City Council

Labor's Helen Politis has been elected as Deputy Mayor of Merri-bek, marking a significant step for the seasoned community advocate.

Mario Christodoulou to executive produce ABC’s Media Watch

Award-winning investigative reporter Mario Christodoulou will become executive producer on the ABC's Media Watch program.

Socialist PASOK becomes Greece’s main opposition party as SYRIZA collapses

Left-wing Syriza party has lost its position as Greece's main opposition group after a wave of defections on Thursday, November 21.

80-year-old sole resident of Kinaros island gifted donkey as a companion

The sole resident of Greece's remote Kinaros island - 80-year-old Mrs Rinio - recently received an unexpected gift in the form of a donkey.

You May Also Like

Chai with Efrossini Chaniotis: The Angel Cook and Brunswick Barber

In an exclusive interview, artist Efrosyni Chaniotis tells us how her work reflects her Greekness through colour, detail and spontaneity.

Four Greek Australians blacklisted from Russia ‘indefinitely’

Russia has blacklisted 121 Australians, including defence officials, businessmen, reporters and editors. Four Greek Australians are included.

The dangers for the Hellenism of diaspora

The Hellenism of diaspora is faced with certain social and historical dangers, situations and realities which cause serious problems.