A memorandum of understanding, signed between Greece and Germany is expected today.
The document's focus is on growth development of a Greek investment fund. The MoU will be ratified between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel.
According to German newspaper Handelsbatt, the investment fund will be mirrored after Germany's state-owned KfW lender, and will assist the liquidity of small and medium-sized companies. It will be facilitated by low interest rate loans. Additionally, the article stated that the two nations would each offer 100 million euros to the new strategy.
These investment fund arrangements have been worked on for a period of time. France, the European Investment Bank and the European Union are also predicted to financially contribute to the plan; Germany will work independently. However, German funds transferring from the nation through KfW must be confirmed by its 2014 state budget's scheduled July debate.
- INIOCHOS 2021 exercise brought together fighters from six nations to Greek skies (vid)
- The 62nd round of exploratory contacts between Greece and Turkey will take place on March 16 in Athens
- Group of 106 refugees leave Lesvos island for relocation in Germany
- European Commission preparing safe traveling initiative, vaccination certificate
- RedaktionsNetzwerk Deutschland: "Greece: How to get vaccinated without chaos"