Details
- Identification
- Discussion Paper 207
- Publication date
- 17 July 2024
- Authors
- Judit Antal | Manos Sfakianakis | Philipp Pfeiffer | Eduardo Llobell | Directorate-General for Economic and Financial Affairs
- Country
- Greece
Description
This paper presents the main features of the Loan Facility, the loans component in Greece’s Recovery and Resilience Plan (RRP), and a first assessment of its economic impact using the European Commission’s QUEST model.
Highlights
- The Loan Facility under Greece’s RRP is the largest measure across all EU RRPs in terms of percentage of national GDP and aims to facilitate private investment, including through the provision of loans to companies with the participation of financial institutions.
- We find that the terms of the Loan Facility are more favourable compared to market conditions.
- Simulations suggest a sizable positive impact: private investment may increase significantly and the cumulative impact on GDP between 2022 and 2030 is estimated to reach 5.3% compared to a no-Loan-Facility scenario.
Information and identifiers
Discussion Paper 207. July 2024. Brussels. PDF. 28pp. Tab. Graph. Bibliogr. Free.
KC-BD-23-024-EN-N (online)
ISBN 978-92-68-01825-5 (online)
ISSN 2443-8022 (online)
doi:10.2765/89165 (online)
JEL classification: E22, E27, E44, E61.
Disclaimer
European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.
