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Politics

Brussels EU Summit: PM Mitsotakis Persists on Greece’s Standing Positions on EU Recovery Fund

BRUSSELS (ANA-MPA/E. Zarkadoula) Prime Minister Kyriakos Mitsotakis persists on the positions with which he came to attend the EU Summit on Friday, according to sources.

Mitsotakis asks that the EU Recovery Fund program and the ratio of grants to loans remain unchanged. In addition, the Greek side opposes the division of 70-30, like several EU countries, emphasizing that 'predictability is more desirable than uncertainty.' At the same time, according to the sources, Athens is in favor of a longer duration of the program, while emphasizing that the program itself has already been drafted.

Regarding the EU's Multiannual Financial Framework, the Greek side requests that emphasis be placed on the EU's External Borders Fund.

So far on Friday evening, it seems that there is no room for departure from the standing proposal of the President of the European Council, Charles Michel, sources added.

Michel has proposed that 70 pct of the Recovery and Resilience Facility will be committed in 2021 and 2022, according to the Commission’s allocation criteria, and 30 pct will be committed in 2023, taking into account the drop in GDP in 2020 and 2021, to see the total envelope disbursed by 2026.

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