Greece risks losing billions from Recovery Fund

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Greece risks losing portion of the funds Recovery Fund EU: wealth is formally allocated, but existent projects and investments lag noticeably behind.

Greece erstwhile again faced with a achy question: tin the state truly use the billions of euros from EU Recovery and Resilience Facility oregon a important portion of the humanities anticipation will stay connected paper. This clip we are not talking astir beauteous presentations, not astir authorities slides and not astir different slogan astir “new Greece”but astir however rapidly wealth turns into roads, hospitals, integer systems, concern support and jobs.

According to Greek publications citing European statistics, Greece remains among the EU countries where the existent promotion of funds and implementation of projects Recovery Fund raises superior questions. Publications bespeak that the level of improvement for a fig of indicators is estimated astatine astir 39%while the EU mean is higher. At the aforesaid time, the estimation that lone astir 13.3% funds reached existent investments.

It is important present not to confuse antithetic indicators. Official details of the Greek program Greece 2.0 they accidental that aft the past outgo from European Commission the state has already received 24.6 cardinal eurosthat is, astir 68.5% total fund plan. But receiving wealth from Brussels is not the aforesaid arsenic the afloat implementation of projects successful the economy. This is precisely the main governmental question: however overmuch wealth really works successful the country, and however overmuch remains successful banking, administrative and bureaucratic pipes.

Government Kyriakos Mitsotakis represented from the very opening Recovery Fund arsenic a historical accidental for the country. Citizens were promised digital transformation, green transitionsupport for the mediate class, infrastructure modernization and an economical breakthrough. On paper, everything looked astir perfect: Europe is giving money, Athens is preparing reforms, the state is emerging from aged crises and is yet changing its improvement model.

In practice, the representation turned retired to beryllium overmuch little festive. A important portion of projects are stalled, competitions are delayed, procedures stay complex, and small and medium-sized businesses often spot European wealth successful overmuch the aforesaid way arsenic a mirage successful the August heat: it seems to beryllium there somewhere, but it’s conscionable retired of reach. For thousands of businesses that relied connected loans, subsidies and modernization programs, this means mislaid clip and missed opportunities.

The occupation is not conscionable percentages. Behind each hold are specific roads that could person been built; hospitals that could person modern equipment; integer systems that could trim queues and humiliating paperwork; enterprises that could update production. Instead, the state risks getting the acquainted Greek classics again: a large announcement, a beauteous ceremony, respective showcase projects and a very agelong database of what “we didn’t person time”.

There is money, but where is the result?

What’s particularly annoying is that Recovery Fund was not primitively conceived arsenic an mean European subsidy that could beryllium dragged connected for years. It was an exigency tool aft the pandemic, created to rapidly reconstruct the economy, modernize states and determination to a much sustainable improvement model. That is, the wealth had to not conscionable walk done fund reporting, but person a tangible effect connected the system and society.

However, successful Greece, aged diseases again proved stronger than caller programs. Bureaucracy remains cumbersome, power mechanisms are opaque, and the organisation of funds too often raises suspicions that it is not the astir indispensable and effectual projects that benefit, but those closest to the decision-making centers. And this is nary longer a technical problem, but a governmental one.

Ministers tin talk arsenic overmuch arsenic they want astir “historical records”but citizens bash not measure the system by property releases. They look astatine hospitals, roads, wages, prices, the wellness of small businesses and the prime of authorities services. If, aft billions of European aid, mundane beingness remains astir unchanged, then the question indispensable beryllium posed harshly: either the wealth is being used incorrectly, oregon the state instrumentality is again unable to turn the assets into a result.

Other EU countries including Portugal And Croatiademonstrate much noticeable advancement successful a fig of areas. Greece risks erstwhile again uncovering itself successful a situation where European opportunities exist, but the nationalist absorption system does not stand the δοκιμή of speed, prime and responsibility.

Responsibility lies successful Athens

In this story it would beryllium too convenient to blasted again Brusselscomplex European rules oregon outer circumstances. But this is simply a weak excuse. Recovery Fund It requires from the state not heroism, but basal managerial ability: to plan, denote competitions, show execution, destruct delays and marque sure that wealth reaches the existent economy.

If projects are not implemented connected time, if businesses bash not get entree to programs, if infrastructure remains connected the drafting board, it is not the abstract Europe that is responsible, but the factual authorities successful Athens. It is the authorities that is liable for ensuring that European funds bash not turn into conscionable different showcase for reports and photographs from events.

There is little and little clip near until the extremity of the program. European Commission has already emphasized that with the mechanics ending by the extremity of 2026, Member States indispensable implicit the remaining milestones and targets within the established clip frame. And this means a elemental thing: unused opportunities whitethorn beryllium wholly lost.

For Greece It’s not conscionable a fiscal risk. This is the hazard of different humanities failure: the state gets a accidental to modernize, but again whitethorn look from the process with a fewer ostentatious projects and a batch of unfulfilled promises. After so galore crises, society tin nary longer spend the luxury of different mislaid opportunity.

The main question present sounds highly simple: why, with European billions, bash citizens still not spot a comparable betterment successful their regular lives? And why does the state, which speaks so confidently astir modernization, again stumble where it needs to not talk, but bash it?

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