Proposal for a Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for Greece

Author (Corporate)
Series Details COM (2021) 328
Publication Date 17/06/2021
Content Type , ,


Proposal for a Council Implementing Decision - tabled by the European Commission on 17 June 2021 - concerning the endorsement of an assessment to Greece's National Recovery and Resilience Plan (NRRP).

Further information:

National Recovery and Resilience Plans are prepared by the Member States of the European Union (EU) and comprise a package of reforms and investment initiatives to be implemented by 2026 and supported by the Recovery and Resilience Facility (RRF). These plans are assessed by the European Commission and approved by the Council of the European Union. The assessment is based on criteria set out in Regulation (EU) 2021/241 - also known as the RRF Regulation.

A positive assessment of the Greek NRRP was adopted by the Commission on 17 June 2021. It recommends that the Council endorses the disbursement of €17.8 billion in grants and €12.7 billion in loans under the RRF over the period 2021-2026. The Commission's analysis considered, in particular, whether the investments and reforms contained in Greece's plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

The proposed Decision was adopted by the Council of the European Union at a meeting on 13 July. The first €4 billion - equivalent to 13% of the grant and loan component of the country's financial allocation - was disbursed by the Commission on 9 August.

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Commentary and Analysis
Bruegel: Datasets: European Union countries’ recovery and resilience plans
Friedrich Ebert Foundation: Publication, 25/01/2021: The Recovery Plan in Greece. Setting the course for a climate-neutral and digital future?
ISPI: Commentary, 07/05/2021: Greece: a 2.0 Recovery for redemption
OECD Forum, 04/07/2021: Greece’s Recovery and Resilience Facility (RRF): A plan made for the people and by the people?

EurActiv, 26/11/2020: Greece to spend big part of EU recovery funds on green, digital projects
Reuters, 27/04/2021: Greece formally submits national recovery plan to EU
Euronews, 04/05/2021: Greece wants to boost economic growth by up to 7% from €57bn recovery plan
Bloomberg, 12/05/2021: Greece Has Started Recovery Plan, Paying Initial Costs Itself
EUObserver, 17/06/2021: EU countries can start 'going to the bank' for recovery funds
Greek Reporter, 17/06/2021: EU Commission Approves €30.5bn Recovery Plan to “Reshape” Greece
Deutsche Welle, 17/06/2021: EU backs Greece's pandemic recovery plan
The Guardian, 17/06/2021: Controversial new labour laws set to shake up working life in Greece
Cyprus Mail, 21/07/2021: Greece calls EU recovery fund deal a ‘national success’
Politico, 04/08/2021: Greek businesses risk missing out on economic recovery

EUR-LEX: SWD(2021)146: Staff Working Document accompanying the Proposal - Analysis of the recovery and resilience plan of Greece
European Commission: Recovery and Resilience Facility: National Recovery and Resilience Plans
European Commission: Recovery and resilience plan for Greece
Open Government: Strategic directions of the National Recovery and Resilience Plan (25 November 2020)
European Investment Bank: News, 12/04/2021: Greece: EIB to help manage EUR 5 billion of investments as part of Greek National Recovery and Resilience Plan: “Greece 2.0”
Greek Government: Prime Minister's Office: Presentation on Greece 2.0 - National Recovery and Resilience Plan (May 2021)
European Commission: Press Release, 17/06/2021: NextGenerationEU: European Commission endorses Greece's €30.5 billion recovery and resilience plan
European Commission: Questions and answers: European Commission endorses Greece's €30.5 billion recovery and resilience plan (17 June 2021)
Council of the European Union: Press Release, 13/07/2021: Council gives green light to first recovery disbursements
European Commission: Press Release, 09/08/2021: NextGenerationEU: European Commission disburses €4 billion in pre-financing to Greece

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