32 Greek reform projects to be funded by EU Commission

The European Commission adopted a decision approving 32 additional requests by Greece for technical support through the Structural Reform Support Programme (SRSP). The projects will be financed from Greece’s voluntary transfer of 20 million euros from their technical assistance component under the European Structural and Investment Funds to the SRSP. The new measures will come on top of the more than 100 support projects coordinated by the Commission in Greece.

Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: “Nearing the end of its stability support programme, Greece is at an important juncture. It is crucial that the country continues with modernising its economy and administration and the Commission is committed to supporting these reform efforts. Reforms take time to bear fruit, but if fully implemented they can lead to robust and sustainable growth. We already see the first positive signs in Greece ? economy is growing, confidence is strengthening, employment is set to increase steadily, investment started to recover, which ultimately means more and better quality jobs.”

The Work Programme annexed to the decision outlines the actions that will be financed by the ?20 million and sets out the priorities, objectives and expected results of the reform projects. The reforms aim to help Greece face economic and social challenges, to make the country more cohesive and competitive. The wide range of projects will contribute to boosting jobs and growth and improve the daily lives of the people in tangible ways.

The technical support provided for with today’s decision will help Greece continue to reform its revenue collection, modernise its public administration at national and local levels, and enhance the quality and efficiency of its judicial system. It will also support the fight against fraud, corruption and money laundering. Further support will be deployed to help the authorities improve the investment climate, promote exports, better manage natural resources, and implement Energy Union initiatives.

Greece will also benefit from support for reforms of its education and social welfare systems, and measures to enhance access to finance for small-and-medium-sized enterprises. The technical support also aims to help Greece further strengthen insolvency frameworks and the management of non-performing loans. Furthermore, support will be provided for the implementation of Greece’s growth strategy.

Source ANA-MPA
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