Greece net recipient of over €56 bln from EU resources

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(The Ekathimerini)

Greece’s net takings from the European Union for the next seven years will come to 56.4 billion euros, which amounts to 4% of gross domestic product, Finance Minister Christos Staikouras revealed on Monday in Parliament.

He explained that for each euro the country contributes toward the European budget it will collect €4.6 through the Multiannual Financial Framework 2021-2027 and the Next Generation EU fund. In the previous subsidy period (2014-2020) the ratio was 1:2.9, he added.

It is the recovery fund for the pandemic that has changed this ratio, to Greece’s benefit, even though the country’s contribution to the bloc will be increased, based on the bill discussed in Parliament.

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