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A new start for jobs and growth in Greece: Commission mobilises more than €35 billion from the EU budget

EU News 202/2015

Brussels, 15 July 2015
IP/15/5373

Two days after an agreement paving the way for a new support programme for Greece, the European Commission revealed plans today to help Greece maximise its use of EU funds. As mandated by the Euro Summit on 12/13 July, this will help mobilise more than €35 billion up to 2020 to support the Greek economy, provided that the conditions agreed upon by the Euro Summit will be met.

The Jobs and Growth Plan for Greece is meant to flank the comprehensive set of reforms that could form part of a programme under the European Stability Mechanism to be negotiated in the coming weeks between Greece and its international partners. Both elements – the reforms and the mobilisation of funds for investment and cohesion – are essential preconditions for restoring jobs and growth in Greece and returning the country to prosperity.

Source and additional information:
http://europa.eu/rapid/press-release_IP-15-5373_en.htm?locale=en