Greece to Receive 2 Billion Euros in EU Funds for NSRF Programs

Greece to Receive 2 Billion Euros in EU Funds for NSRF Programs

The Greek economy will receive two billion euros in the form of EU funds by the end of October to implement programs of the 2007-2013 periods, Economy Minister Giorgos Stathakis told journalists after a meeting with EU’s Commissioner for Regional Policy Corina Cretu on Monday.
Stathakis said the EU will take over the payment of 5 pct of Greece’s participation in the relevant programs, removing need for national co-financing for the aforementioned period.
On her side, Cretu added that in the new National Strategic Reference Framework (NSRF) for 2014-2020, the EU’s advance payment (“pre-financing”) will double to 14 pct from 7 pct and noted that it is now a matter of political will and responsibility to design the programs that will better utilize these funds.
“We worked very hard to put these proposals on the table; they are as exceptional because the situation is Greece is exceptional. I went to the European Parliament to defend them and I am calling now for their swift adoption, as we know that this money is needed now,” she added.

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