The European Commission’s Structural Reform Support Programme (SRSP) will provide technical support to 32 reform projects in Greece.
The commission has approved the requests for support for 32 reform projects in Greece, which will be funded by the Greek authorities through a €20m transfer from their technical assistance component. This will bring the total number of reform projects funded in Greece to more than 100.
The projects are aimed at reforming and modernising Greece’s public administration at both national and local levels, and strengthen its judicial system to help it to better address the challenges of fraud, corruption and money laundering. Additional support will be provided to aid the implementation of Greece’s growth strategy, as part of the country’s ongoing recovery following economic concerns it has faced in recent years.
How will this technical support work to help Greece?
The SRSP aims to support member states in designing, preparing and implementing institutional, structural and administrative reforms, and allows countries to transfer from the technical assistance component of the European Structural Investment Funds.
European Commission Vice President for Financial Stability, Valdis Dombrovskis, welcomed the latest raft of measures as an indication that Greece is reaching the end of the long term economic support programme the EU has provided in the country. He added that this latest agreement marks an important opportunity to implement the vital reforms the country still needs.
Dombrovskis said: “Greece is at an important juncture. It is crucial that the country continues with modernising its economy and administration and the commission is committed to supporting these reform efforts. Reforms take time to bear fruit, but if fully implemented they can lead to robust and sustainable growth. We already see the first positive signs in Greece – economy is growing, confidence is strengthening, employment is set to increase steadily, investment started to recover, which ultimately means more and better quality jobs.”