Katainen: Greece Ranks First for Investments Backed by Juncker Plan Relative to GDP

Katainen: Greece Ranks First for Investments Backed by Juncker Plan Relative to GDP

Greece ranks first among EU countries in terms of the investments triggered relative to its GDP through the European Fund for Strategic Investments (EFSI), European Commission Vice President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said on Thursday. Speaking at a seminar on the EFSI organised by the European Commission, Katainen said that Greece received a total of 2.7 billion euro in financing with the backing of the EFSI, which is expected to trigger 10.9 billion euro in additional investments. The EFSI is supporting 18 approved infrastructure and innovation projects in Greece, which are financed by the European Investment Bank with EFSI backing. The total financing amounts to 2.3 billion euro that is expected to mobilise total investments of 7.2 billion euro.

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