“Critical Negotiations for ‘Greece 2.0’: Risk of Losing Recovery Fund Resources”

Urgent Revision of “Greece 2.0”

With the Recovery Fund deadline approaching successful September 2026, the Greek authorities is successful a contention against clip to debar losing captious European funds. Negotiations with the European Commission (EC) for a new revision of the “Greece 2.0” plan start today.

A full of 194 milestones (182 for grants, 12 for loans) are nether review, with the extremity of rephrasing oregon replacing targets deemed unachievable wrong the remaining timeframe.

Absorption Rates and Risks

Out of €36 billion allocated to Greece, only €10 billion (€5.7 cardinal grants, €4.3 cardinal loans) has reached last beneficiaries. The Deputy Governor of the Bank of Greece, Theodoros Pelagidis, warned of the superior hazard of under-absorption.

Following a June revision approved successful Brussels covering 108 milestones, the caller circular focuses connected simplifying the 194 remaining milestones to unafraid the past tranche of the Recovery Fund. Projects improbable to conscionable deadlines whitethorn face exclusion.

Key Projects and Sectors Under Scrutiny

Projects nether adjacent valuation include:

• Digital initiatives astatine hazard of delays
• The Northern Crete Road Axis (BOAK)
• Pumped-storage installation successful Amfilochia
• Social speech programs
• Reform of the Hellenic Railways Organization (OSE) and wellness assemblage projects, including the personal doc initiative
• Investment programs for battery installations

The purpose is to identify delayed projects early and unafraid alternate backing through other EU funds, NSRF programs, oregon the nationalist national concern program.

Disbursement Timeline

Upcoming Recovery Fund disbursements are:

• 6th request: €1.8 cardinal (loans)
• 7th petition (Nov 2025): €3.5 cardinal (€1.7 cardinal grants + €1.8 cardinal loans)
• 8th petition (Q1 2026): €1.87 cardinal (€1.5 cardinal grants + €370 cardinal loans)
• 9th and last petition (Aug 2026): €5.4 cardinal (€3 cardinal grants + €2.4 cardinal loans)

Decisions made during these negotiations will determine the destiny of galore projects and straight interaction the businesslike absorption of Recovery Fund resources earlier the fund’s expiration.