The European Union’s Economic and Financial Affairs Council (Ecofin) approved modifications to Greece’s Recovery and Resilience plan on Tuesday.

According to a relevant statement, Ecofin endorsed the European Commission’s positive recommendation of the amended Greek plan. According to the Commission’s analysis, the targeted amendments promoted by Greece do not affect the relevance, effectiveness, efficiency, and coherence of the plan.

Greece submitted targed amendments to its plan on October 21, 2024. Its plan is worth 36.6 bilion euros, to be provided in grants and loans.

At the same time, Ecofin also approved modifications to the recovery plans of Cyprus and Spain.