Plan B for saving all RRF loans

[InTime News]

The authorities is weighing the transfer of resources from the Recovery and Resilience Fund (RRF) to the Hellenic Development Bank (HDB), successful an effort to safeguard the Fund’s indebtedness resources and forestall them from being permanently mislaid to the economy.

The determination is seen arsenic imperative fixed the slow gait of contracted RRF loans, which presently lag by astir 50% compared to total applications. According to Kathimerini data, retired of the 1,148 applications for concern projects that person been submitted to date, 550 person been contracted.

With the deadline for contracting the remaining loans acceptable for the extremity of August 2026, it is progressively unlikely that each pending projects will beryllium finalized successful clip to sorb the available resources.

These Fund’s resources travel to €32 cardinal and the absorption of that magnitude is considered indispensable for covering portion of the country’s concern gap.

By the extremity of this August, €6.8 cardinal had been contracted, and projections suggest the fig will not transcend €12 cardinal by the August 2026 deadline.

However, transferring of the remaining resources to the HDB will necessitate support from Brussels.