The NextGenerationEU economic stimulus was agreed upon in 2020 by the institutions and member states of the European Union in order to promote sustainable long-term growth in the wake of the economic fallout from the COVID-19 pandemic. In order to receive funds, the member states of the EU were required to submit a national recovery & resilience plan outlining how they would spend the funds across the six key policy areas which were chosen for investment. Each planned investment had to have a primary policy area, that which it primarily deals with, and a secondary policy area.
Greece's national recovery & resilience plan shows that the country will invest its NextGenEU funds primarily across projects which focus on the Green Transition, Digital Transformation, and Social & Territorial Cohesion policy pillars. In terms of secondary objectives of the investments, the Social & Territorial Cohesion pillar makes up the majority.
Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars
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European Commission. (March 1, 2023). Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/
European Commission. "Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars." Chart. March 1, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/
European Commission. (2023). Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/
European Commission. "Planned Shares of Nextgeneu Expenditure from Greece's Recovery & Resilience Plan by Primary and Secondary Policy Pillars." Statista, Statista Inc., 1 Mar 2023, https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/
European Commission, Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars Statista, https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/ (last visited November 22, 2024)
Planned shares of NextGenEU expenditure from Greece's Recovery & Resilience Plan by primary and secondary policy pillars [Graph], European Commission, March 1, 2023. [Online]. Available: https://www.statista.com/statistics/1369181/next-generation-eu-greece-expenditure-policy-pillars/