Press Release: European Commission adopts ‘Partnership Agreement’ with Greece on using EU Structural and Investment Funds for growth and jobs in 2014-2020

On 23 May 2014, the European Commission adopted a "Partnership Agreement" with Greece setting down the strategy for the optimal use of European Structural and Investment Funds in the country's regions and cities for 2014-2020. The agreement paved the way for Greece's return to recovery and growth, and its transformation into a productive economy. It set out how €15.52 billion in total Cohesion Policy funding and €4.2 billion for rural development to be invested in the country’s real economy. The allocation under Fisheries and Maritime Policy would be finalised and published that summer. The EU investments would tackle unemployment, to create good lasting jobs boosting and growth through support to innovation, the low carbon economy and training and education. They would also promote entrepreneurship, fight against social exclusion and make an important contribution to an environmentally friendly and a resource-efficient economy.

European Commission: RAPID: STATEMENT/14/168: Statements by Commissioners Hahn and Andor on the Greek and Polish Partnership Agreements http://europa.eu/rapid/press-release_STATEMENT-14-168_en.pdf

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