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Athens News Agency: News in English, 06-11-15

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Barroso on Greek request for 3rd CSF extension

  • [01] Barroso on Greek request for 3rd CSF extension

    Prime Minister Costas Karamanlis has received a reply from European Commission President Jose Manuel Barroso regarding Greece's request for an additional year in which to absorb funds from the 3rd Community Support Framework (CSF), government spokesman Theodoros Roussopoulos said Wednesday.

    He said Barroso's letter arrived on Tuesday and counter-proposed a series of measures to be listed in a "memorandum of understanding", which call for a revision of Greek programmes, as well as joint funding by the Commission of uncompleted programmes until the year 2008 and others.

    According to Barroso, the measures listed would bring a total benefit of some 2.7 billion euros to Greece with respect to its Community contribution, which in general terms would be equivalent to an additional year of implementation of the 3rd CSF. The development should also assist in the speedier absorption during the remaining years until the end of 2008.

    Revealing the contents of the letter, Roussopoulos urged reporters to address questions regarding proposed project cutbacks and how surpluses will be spent to the finance ministry. He also pointed out that the present government had taken over management of the 3rd CSF in mid-course, and at a time when absorption rates stood at 21 percent. Moreover, he said the Karamanlis government raised absorption rates to 48 percent since it took over the government's reins.

    Caption: A file photo shows Barroso during a previous visit to Athens. ANA-MPA / P. Saitas.

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