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Hubner: Greece’s absorption rate of EU funds at 85%

(ATHENS NEWS AGENCY) The absorption rate of available funds from a 3rd Community Support Framework programme (for the period 2000-2006) by Greece totals 85 percent, EU Regional Policy Commissioner Danuta Hubner said on Wednesday. Support Framework programme, Hubner said the absorption rate rose to 85 percent after Greece submitted payment applications with EU authorities. The European Commission on Feb. 12 had announced that the country’s absorption rate was 74 percent.

The Commission expressed her optimism that Greek authorities will have completed absorption of all available EU funds by Dec. 31, 2008, when a deadline expires. She also expressed her satisfaction over the cooperation level between Community and Greek authorities, noting that during her visit in Thessaloniki she will announce community measures to support regions hit by devastating wildfires late last summer.