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Sunday, June 7, 2026

The EU keeps giving: 8-billion euro Energy funds to Greece

European programmes aimed at reducing energy costs, protecting the environment, assisting vulnerable households and micro-enterprises, addressing the housing crisis, and enhancing transport were announced on Monday afternoon during an inter-ministerial press conference in Athens.

These programmes are totalling 8 billion euros, to be implemented between 2026 and 2032, as part of three new European funds: the Social Climate Fund, the Modernization Fund, and the Island Resilience Fund.

The implementation plan for the new programmes was discussed at the Cabinet and presented by Deputy Prime Minister Kostis Hatzidakis and the Ministers for Environment and Energy, Education, Religious Affairs and Sports, Development, Social Cohesion and Family Maritime and Insular Policy and Alternate Minister of Infrastructure and Transport.

The new funds are expected to support the following programmes:

– The electrical interconnections of the Dodecanese, the North Aegean and the Cyclades to reduce the charges from the public utility services paid by consumers.
-Subsidies for the energy upgrading of buildings, with increased involvement from the private sector.
-Economic support for vulnerable and low-income households, including heating allowances and rent subsidies.
-Construction of social housing and renovation of student residences.
– Upgrading of the Athens Metro – supply of new electric buses in Attica and Thessaloniki
– Projects to tackle water scarcity (desalination, dams)
– Stimulating micro-enterprises to upgrade the energy efficiency of their buildings and equipment.
– Energy-saving investments in industry.
– Rent subsidies for public servants working away from home in areas where there is a housing problem.
– Energy upgrading of ships with the involvement of Greek shipyards.

PS the EU funding programmes presentation in the vortex of the huge OPEKEPE scandal with fraud in the distribution of EU Agricultural Funds sounds like a big joke.

As a friend commented this is OPEKEPE scandal, the Sequel

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