Legal provisions of COM(2022)506 - Amendment of Implementing Decision (EU) 2020/1346 granting temporary support to Greece to mitigate unemployment risks following the COVID-19 outbreak

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dossier COM(2022)506 - Amendment of Implementing Decision (EU) 2020/1346 granting temporary support to Greece to mitigate unemployment risks ...
document COM(2022)506 EN
date October 25, 2022


Article 1

Implementing Decision (EU) 2020/1346 is amended as follows:

(1)Article 2 is amended as follows:

(a)paragraphs 1 and 2 are replaced by the following:

‘1.   The Union shall make available to Greece a loan amounting to a maximum of EUR 6 165 000 000. The loan shall have a maximum average maturity of 15 years.

2. The availability period for financial assistance granted by this Decision shall be 39 months starting from the first day after this Decision has taken effect.’;

(b)paragraph 4 is replaced by the following:

‘4.   The first instalment shall be released subject to the entry into force of the loan agreement provided for in Article 8(2) of Regulation (EU) 2020/672. Any further instalments shall be released in accordance with the terms of that loan agreement or, where relevant, be subject to the entry into force of an addendum thereto, or of an amended loan agreement concluded between Greece and the Commission replacing the original loan agreement.’;

(2)Article 3 is replaced by the following:

‘Article 3

Greece may finance the following measures:

(a)a special allowance provided to employees whose labour contracts have been suspended, as provided for in Article 13 of Legal Act of 14 March 2020, as last extended by Law 4778/2021 of 19 February 2021 and “Ministerial Decision 3512/2022”;

(b)the social security coverage of employees under the measure referred to in point (a) of this Article, as provided for in Article 13 of Legal Act of 14 March 2020, as last extended by Law 4778/2021 of 19 February 2021 and “Ministerial Decision 3512/2022”;

(c)a special allowance to professionals who are self-employed, as provided for in Article 8 of “Legal Act of 20 March 2020”;

(d)a short-time work scheme, as provided for in Article 31 of “Law 4690/2020”;

(e)the employer social security contributions for employees in seasonal enterprises in the tertiary sector, as provided for in Article 123 of “Law 4714/2020”.’.

Article 2

This Decision is addressed to the Hellenic Republic.

This Decision shall take effect on the date of its notification to the addressee.

Article 3

This Decision shall be published in the Official Journal of the European Union.