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Greece Finalizes Infrastructure Investment Fund Strategy

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Greece's new Infrastructure Investment Fund has finalized a strategy, to assist investments equalling up to 1 billion euros.

The plan will be presented to the European Commission for approval. Next week, Greek Economy Minister Nikos Christodoulakis is scheduled to bring the plan to Brussels, in addition to a six or twelve month extension request, concerning the EC's previous (2007-13) subsidy program.

If approved, the scheme will allot 400 million euros to the fund, which will be funneled to energy, environmental, business and tourism efforts.