WORLD Greek recovery plan endorsed by EU

WORLD

Greek recovery plan endorsed by EU

Xinhua

21:59, June 17, 2021

ATHENS, June 17 (Xinhua) -- The economic recovery plan of Greece has been endorsed by the European Union (EU), according to an official announcement on Thursday.

Greek Prime Minister Kyriakos Mitsotakis, left and European Commission President Ursula von der Leyen, walk, look at a screen, during their meeting at the Ancient Agora in Athens, Thursday, June 17, 2021. (Photo: AP)

Greece will receive 30.5 billion euros (36.4 billion U.S. dollars) from 2021 to 2026 (17.8 billion euros in grants and 12.7 billion euros in loans), according to the Recovery and Resilience Plan dubbed "Greece 2.0".

The fund will be invested in such fields as green and digital transition, healthcare, and job creation, according to the plan.

"There is no doubt it (the plan) will deeply transform Greek economy which will embrace the twin green and digital transition," said Ursula von der Leyen, president of the European Commission (EC), during her visit to Athens.

She said that all EU-member states will emerge stronger and more resilient. "The recovery is underway, and we can start to look to the future with hope and with confidence," she said.

Greek Prime Minister Kyriakos Mitsotakis said that this was a historic moment for Europe and the dawn of a new era.

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