The further shrinking of European Union subsidies by some 3 billion euros for the current funding period will be the result of the increase in Community contributions to projects in Greece from 85 to 95 percent, for 2014 and 2015, as will be ratified by the upcoming European Council meeting on February 7 and 8.
This will be the third cut in the EU subsidy program, the National Strategic Reference Framework (ESPA), to 21 billion euros up to 2015, from the current level of 24 billion and an original level of 30 billion. So far Greece has only managed to absorb 11.5 billion euros (48 percent of the 24 billion).
Out of some 10,000 projects that have entered the subsidy framework, 181 are considered priority projects and account for half of the whole package’s funding. The government has already appointed project managers to 75 of them in a bid to accelerate their implementation, as they are showing significant delays.
Prime Minister Antonis Samaras and his coalition partners, PASOK leader Evangelos Venizelos and Fotis Kouvelis of Democratic Left, are to meet at 8.30 p.m. for the third attempt in less than...
As Greece’s coalition leaders struggled to solve a dispute over the closure of state broadcaster ERT on Wednesday, troika envoys said they were leaving Athens for a “pause,” noting that “imp...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
New Democracy’s chief, Prime Minister Antonis Samaras, risked the ultimate reformist move by shutting down state broadcaster ERT in order to assert his role as leader over his two smaller pa...
The great majority of Greeks welcomed the news late on Wednesday of a nascent deal between the three partners in the government coalition regarding the fate of the country’s public broadcast...
