{"id":202848,"date":"2025-10-15T22:53:08","date_gmt":"2025-10-15T22:53:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/202848\/"},"modified":"2025-10-15T22:53:08","modified_gmt":"2025-10-15T22:53:08","slug":"eu-approves-sixth-payment-of-e2-44-billion-to-greece-under-the-recovery-plan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/202848\/","title":{"rendered":"EU Approves Sixth Payment of \u20ac2.44 Billion to Greece Under the Recovery Plan"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-864463\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/10\/European-Commission-report-says-Greece-GDP-well-above-EU-average.-Credit-tiseb.-CC-BY-2.0-flickr.jpg\" alt=\"European Commission headquarters.\" width=\"2048\" height=\"1536\"  \/><a href=\"https:\/\/greekreporter.com\/greece\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Greece\" target=\"_blank\" rel=\"noopener nofollow\">Greece<\/a>\u2019s Recovery and Resilience Plan will be financed with 18.22 billion euros in grants and 17.73 billion euros in loans. Credit: tiseb, CC BY 2.0\/flickr<\/p>\n<p>The European Commission announced on Tuesday that it has given a positive assessment of Greece\u2019s sixth payment request, amounting to 2.44 billion euros, under the Recovery and Resilience Facility (RRF) \u2013 the central pillar of the NextGenerationEU recovery fund.<\/p>\n<p>The <a href=\"https:\/\/commission.europa.eu\/business-economy-euro\/economic-recovery\/recovery-and-resilience-facility_en\" target=\"_blank\" rel=\"noopener nofollow\">RRF<\/a> is the European Union\u2019s temporary instrument designed to help Member States recover from the economic and social impact of the <a href=\"https:\/\/greekreporter.com\/2024\/03\/12\/life-expectancy-fell-globally-covid-pandemic\/\" rel=\"nofollow noopener\" target=\"_blank\">COVID-19 pandemic<\/a>.<\/p>\n<p>The Commission found that Greece has satisfactorily completed all 32 milestones and seven targets set out in the Council\u2019s implementing decision for the sixth installment.<\/p>\n<p>According to the Commission, the reforms and investments linked to this payment request will bring positive changes for citizens and businesses in Greece \u2013 particularly in the healthcare, education, public administration, and taxation sectors.<\/p>\n<p>Greece and the EU\u2019s Recovery Plan<\/p>\n<p>Greece submitted the sixth payment request on July 18, 2025, and the disbursement can only take place following a positive opinion by the Economic and Financial Committee and the formal payment decision by the Commission.<\/p>\n<p><a href=\"https:\/\/greekreporter.com\/2021\/06\/17\/eu-commission-approves-greeces-e30-5bn-national-recovery-plan\/\" rel=\"nofollow noopener\" target=\"_blank\">Greece\u2019s Recovery and Resilience Plan<\/a> will be financed with 18.22 billion euros in grants and 17.73 billion euros in loans. With Tuesday\u2019s positive assessment, the total funds disbursed to Greece under the RRF will reach 23.45 billion euros.<\/p>\n<p>This amount includes 3.96 billion euros in pre-financing received in August 2021, and 159 million euros in REPowerEU pre-financing received in January 2024. This corresponds to 65 percent of the total funding allocated to Greece\u2019s plan, with 48 percent of all milestones and targets now fulfilled.<\/p>\n<p>Related:\u00a0<a title=\"Moody\u2019s Upgrades Greece to Investment Grade\" href=\"https:\/\/greekreporter.com\/2025\/03\/15\/moodys-upgrade-greece-economy-investment-grade\/\" rel=\"bookmark nofollow noopener\" target=\"_blank\">Moody\u2019s Upgrades Greece to Investment Grade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Greece\u2019s Recovery and Resilience Plan will be financed with 18.22 billion euros in grants and 17.73 billion euros&hellip;\n","protected":false},"author":2,"featured_media":202849,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-202848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/202848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=202848"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/202848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/202849"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=202848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=202848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=202848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}