RRF: Full Absorption of Funds, Fewer Promises Kept

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

Today, August 31, marks the formal conclusion of Greece’s Recovery and Resilience Facility. The government is treating the milestone as a triumph, pointing to the full absorption of the 35.95 billion euros allocated to Greece as evidence that the program achieved its purpose.

Behind that narrative, however, lie repeated revisions to Greece 2.0, the national plan built around the Fund; more than 100 instances in which projects, actions or targets were removed or scaled back; substantial cuts to social programs; and investment loans that reached only a limited share of the country’s small and very small businesses.

The contradiction was thrown into sharper relief this week by Deputy Prime Minister Kostis Hatzidakis, who dismissed the criticism by saying the opposition is out of touch and “lives in a different country.” Hatzidakis said Greece will receive the full 35.95 billion euros, made up of 18.22 billion euros in grants and 17.73 billion euros in loans, with the final disbursements completed by the end of 2026.