Press Release: The Commission concludes with the Greek authorities on the future management of public works contracts in Greece, and makes financial corrections for past irregularities

The European Commission on 7 June 2005 decided on a financial correction for irregular expenditure declared by the Greek authorities in the period 2000 and 2004, amounting to €518 million. Repayment was to be phased over four years to take account of the impact on the Greek budget.

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