EU endorses massive pandemic relief for recession-hit Greece

ATHENS, GREECE -- The European Union Thursday endorsed a pandemic recovery plan for Greece worth 30.5 billion euros (US$36.4 billion), providing vital relief for the eurozone member's shaken economy.

European Commission President Ursula von der Leyen formally announced the approval of Greece's "recovery and resilience" plan at a ceremony under the Acropolis in Athens, providing 12.7 billion euros in loans and 17.8 billion euros in grants through 2026.

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