ECONOMY

Better terms likely for Greece on EU structural funds

European lawmakers may reduce the co-financing requirement for Greece to allow the debt-strapped country to retrieve money from the region?s structural funds, Germany?s Handelsblatt newspaper reported, citing unidentified government officials.

Greece?s co-financing requirements may be cut to as low as 5 percent of the overall investment size, the newspaper said.

The Greek government has claimed less than 5 billion euros ($7.2 billion) of the 20.2 billion euros for which it is eligible in the period to 2013, Handelsblatt said.

[Bloomberg]