Greece is to get back 72,105,592.41 euros in funds that the European Commission withheld from its financing under the European Agricultural Guidance and Guarantee Fund (EAGGF) as a 'financial correction' in 2000-2006, based on a ruling by the Court of Justice of the European Union.
According to an announcement on Friday by the Greek rural development and foods ministry, the decision published by the court on February 27 means that the 72 million can be disbursed via the EAGGF to cover the needs of actions taken under the 2014-2020 Rural Development Programme.
The case concerns a Greek appeal against a "financial correction" that the European Commission decided to impose in 2013, almost a decade after the EAGGF operational period had ended.