somes

Emergency EU Funding Measures for Greece

Summary

This regulation provides urgent financial support to Greece by increasing pre-financing and co-financing rates for various European funds to address liquidity shortages.
10 15.10.2015
Other
economy
finance
social policy
european union
public finance and budget policy

Key points

  • The measure provides urgent financial relief to Greece to address liquidity shortages caused by the economic crisis.
  • It increases the level of initial pre-financing for several European funds for the 2014-2020 period.
  • The regulation allows for a 100% co-financing rate for specific programs from the 2007-2013 period, removing the need for national funding in those areas.
  • The measure involves frontloading over 2 billion euros in payments to stimulate immediate investment.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund as regards specific measures for Greece Common provisions on European Structural and Investment Funds: specific measures for Greece ***I
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