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Greek Baby Bonus of 2,000 Euros Kicking In New Year’s Day

Ευρωκίνηση

Greek PM Kyriakos Mitsotakis (Photos by Eurokinissi. Yorgos Kontarinis)

ATHENS - A bid to boost Greece’s fast-shrinking population, a bonus of 2,000 euros ($2235) for each baby born as of Jan. 1, 2020 will be paid out to the parents, fulfilling a vow made by Prime Minister and New Democracy leader Kyriakos Mitsotakis.

That will happen even though the law approving the measure won’t go before the Parliament that the Conservatives control until later in January, insuring its passage, and making the terms retroactive to the first day of the new year.

The first half, 1,000 euros ($1117) will be paid out immediately to parents without any applications required, said Kathimerini, while the balance will be paid within six months of the birth.

Children born in Greece by non-European Union citizens in 2020 and 2021 will also receive the benefit provided that the mother has been a legal and permanent resident of Greece since the year 2012.

The bill will also exempt the benefit for low-income households in mountainous and disadvantaged areas from taxes while also protecting it from confiscation although it’s unclear whether it will go to public consultation first as initially reported.

The measure also has some more stringent criteria for eligibility for the new benefit, as well as those for child and housing benefits for migrant citizens who will have to have been permanent residents for the last 10 years to qualify.

The child benefit will be granted to the parents of children attending obligatory education in Greece.