Juncker Plan: Greece Places First in EU in Funded Investments



It was made public on Thursday that Greece heads the list of the 28 member states of the European Union in receiving investment funding from the so-called ”Juncker Plan.”

The funding for the nation of Greece totals €76.9 billion, according to figures given out by the European Commission on Thursday.

The funding relates to projects approved by the European Investments Bank.

Greece ranks first in total investments, which are set to be triggered by the European Fund for Strategic Investments using a formula tied to the proportion of the country’s GDP. This surprisingly fact is suggested by the July, 2019 figures released by the Commission.

The Juncker Plan is expected to trigger €424 billion in investments across the European Union, which is expected to benefit around 967,000 European businesses.

The other top-ranking countries following Greece in investment funding include Estonia, Portugal, Bulgaria and Poland.

With information from AMNA