Greece 2.0 goes beyond economic recovery by introducing fundamental economic and social reforms, which will affect -apart from the economic activity-, also technologies, attitudes and institutions.
- Mitigating the economic and social impact of the COVID-19 crisis
- Addressing existing productive and investment gaps
- Enhancing growth potential, job creation and economic and social resilience
- A shift towards a permanent, dynamic and resilient growth model
- Enhanced cohesion, both at national and at European level
- Creation of 180,000 new quality jobs
- Permanent increase in real GDP by 7% by 2026
The National Recovery and Resilience Plan (NRRP) “Greece 2.0” aspires to lead the country’s economy, institutions and society into a new era; to spark a paradigm shift towards a more extroverted, competitive and green economic model, matched with a more efficient, less bureaucratic, digitalised state, a more growth-friendly tax system, a dramatically reduced informal economy, and a strong, resilient and inclusive social safety net.
Our goals go beyond economic recovery. We introduce fundamental economic and social reforms, which will affect –apart from the economic activity–, also technologies, attitudes and institutions, thus paving the way for a transformation which will combine economic efficiency with innovation and digital transition with protection of the environment, social cohesion and justice.
The NRRP is structured on four pillars:
(c) Employment, skills, and social cohesion,
(d) Private investment and transformation of the economy:
- Power Up
- Recharge and refuel
- Sustainable use of resources, climate resilience and environmental protection
- Digitalisation of businesses
Employment, skills, and social cohesion
- Increasing job creation and participation in the labour market
- Education, vocational education, training, and skills
- Improve resilience, accessibility and sustainability of healthcare
- Increase access to effective and inclusive social policies
Private investment and transformation of the economy
- Making taxes more growth friendly, and improving tax administration and tax collection
- Modernise the public administration, including through speeding up the implementation of public investments, improving the public procurement framework, capacity building measures and fighting corruption
- Improve the efficiency of the justice system
- Strengthen the financial sector and capital markets
- Promote research and innovation
- Modernise and improve resilience of key economic sectors
- Improve competitiveness and promote private investment and exports
For its implementation, Greece asks for the maximum of funds available under the Recovery and Resilience Facility (RRF), i.e., EUR 17.8 billion in grants and EUR 12.7 billion in loans.