Greece Tops EU Rankings for EFSI-Triggered Investment Relative to GDP
Greece was at the top of the country rankings for investments triggered by the European Fund for Strategic Investments (EFSI) relative to GDP, according to figures released by the European Commission on Wednesday. Greece received 2.7 billion euro from the EFSI that is expected to trigger investments 10.6 billion euro.
Among the projects supported by the Juncker Plan in Greece were loans to mobile phone companies to expand their broadband network in more remote areas, loans to agri-food companies to invest in their product lines and machinery and a Greek group involved in the construction and operation of wind farms.
The European Commission on Wednesday announced that the Juncker Plan had exceeded the original 315-billion-euro investment target and that the EFSI had mobilised 335 billion euro in additional investment across the EU since July 2015.