Implementing decision 2022/2081 - Amendment of Implementing Decision (EU) 2020/1346 granting temporary support to Greece to mitigate unemployment risks following the COVID-19 outbreak - Main contents
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Council Implementing Decision (EU) 2022/2081 of 25 October 2022 amending Implementing Decision (EU) 2020/1346 granting temporary support under Regulation (EU) 2020/672 to the Hellenic Republic to mitigate unemployment risks in the emergency following the COVID-19 outbreak| Legal instrument | implementing decision |
|---|---|
| Number legal act | Implementing decision 2022/2081 |
| Regdoc number | ST(2022)12968 |
| Original proposal | COM(2022)506  |
| CELEX number i | 32022D2081 |
| Document | 25-10-2022; Date of adoption |
|---|---|
| Publication in Official Journal | 28-10-2022; OJ L 280 p. 23-26 |
| Effect | 28-10-2022; Takes effect Date notif. See Art 2 |
| End of validity | 31-12-9999 |
| Notification | 28-10-2022 |
28.10.2022 |
EN |
Official Journal of the European Union |
L 280/23 |
COUNCIL IMPLEMENTING DECISION (EU) 2022/2081
of 25 October 2022
amending Implementing Decision (EU) 2020/1346 granting temporary support under Regulation (EU) 2020/672 to the Hellenic Republic to mitigate unemployment risks in the emergency following the COVID-19 outbreak
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak (1), and in particular Article 6(1) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) |
Further to a request from Greece on 6 August 2020, the Council, by means of Implementing Decision (EU) 2020/1346 (2), granted financial assistance to Greece in the form of a loan amounting to a maximum of EUR 2 728 000 000 with a maximum average maturity of 15 years, and with an availability period of 18 months, with a view to complementing Greece’s national efforts to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of that outbreak for workers and the self-employed. |
(2) |
The loan was to be used by Greece to finance the short-time work schemes and similar measures, as referred to in Article 3 of Implementing Decision (EU) 2020/1346. |
(3) |
Further to a second request from Greece on 9 March 2021, the Council, by means of Implementing Decision (EU) 2021/679 (3) amending Implementing Decision (EU) 2020/1346, granted additional financial assistance of EUR 2 537 000 000 to Greece by increasing the maximum loan amount to EUR 5 265 000 000 with a maximum average maturity of 15 years, and with an availability period of 18 months, with a view to complementing Greece’s national efforts to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of that outbreak for workers. |
(4) |
The additional loan was to be used by Greece to finance the short-time work schemes and similar measures, as referred to in Article 3 of Implementing Decision (EU) 2020/1346, as amended by Implementing Decision (EU) 2021/679. |
(5) |
The COVID-19 outbreak has immobilised a substantial part of the labour force in Greece. This has led to repeated sudden and severe increases in public expenditure in Greece in respect of the measures referred to in Article 3, points (a) and (b), of Implementing Decision (EU) 2020/1346. |
(6) |
The COVID-19 outbreak and the extraordinary measures implemented by Greece in 2020, 2021 and 2022 to contain that outbreak and its socioeconomic and health-related impact had and are still having a dramatic impact on public finances. In 2020, Greece had a general government deficit and debt of 10,2 % and 206,3 % of gross domestic product (GDP) respectively, which narrowed to 7,4 % and 193,3 % respectively at the end of 2021. According to the Commission’s 2022 spring forecast, Greece is forecast to have a general government deficit and debt of 4,3 % and 185,7 % of GDP respectively by the end of 2022. According to the Commission’s 2022 summer interim forecast, Greece’s GDP is projected to increase by 4,0 % in 2022. |
(7) |
On 1 September 2022 Greece requested further financial assistance from the Union in the amount of EUR 900 000 000 with a view to continuing to complement its national efforts undertaken in 2020, 2021 and 2022 to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of the outbreak for workers. In particular, Greece further extended the short-time work schemes and similar measures set out in recitals (8) and (9). |
(8) |
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