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Greece Engages European Commission For Strategic Energy Infrastructure Investment

Greece is in advanced discussions with the European Commission to secure funding support for Admie. The initiative forms part of the country’s broader recovery strategy and focuses on strengthening electricity transmission infrastructure.

Strategic Capital Increase Initiative

According to Newmoney, the talks center on enabling state participation in a planned €1 billion share capital increase for Admie. The proposal includes reallocating additional resources from the Recovery and Resilience Facility beyond previously approved measures, in order to support the state’s contribution.

Long-Term Development Programme

The funding is linked to a ten-year development programme covering the period from 2025 to 2034. Approved by the national energy regulator, the plan includes investments in electricity transmission, digital systems, and cross-border interconnections. These projects are intended to support modernization of the country’s energy network.

Enhancing European Energy Security

A positive outcome from the European Commission would signal support for Greece’s use of recovery funds and highlight the role of its infrastructure in regional energy systems. Cross-border interconnections remain a central element, aligning with broader EU initiatives aimed at strengthening energy security across member states. These initiatives have been promoted at the European level, including by Ursula von der Leyen.

Modeling EU Recovery Fund Utilization

If approved, the measure is expected to rank among the largest examples of energy infrastructure financing in Greece supported by EU recovery funds. A core objective of the initiative is to accelerate Admie’s investment programme over the next decade, using available balances from the Recovery and Resilience Facility to cover a significant share of the estimated €510 million state contribution.

This funding structure also illustrates how recovery resources can be directed toward long-term infrastructure projects, particularly in areas such as grid development, cross-border connectivity, and energy system stability across Europe.

Digital Euro Moves Forward In EU Push For Payment Independence

Strengthening Strategic Autonomy

At an event held at the House of the Euro in Brussels on April 22, central bank officials discussed the role of a digital euro in strengthening the European Union’s financial independence. Participants included Stelios Georgakis, Payments Supervision Director at the Central Bank of Cyprus, and Joachim Nagel, President of the Deutsche Bundesbank.

Redefining Central Bank Role In A Digital Era

Nagel stated that the digital euro is no longer viewed solely as a technical development but also as part of a broader policy direction. He emphasized the need to strengthen Europe’s payment infrastructure to ensure resilience and independence. The digital euro is intended to complement cash rather than replace it, maintaining the role of central bank money in a more digital financial system.

Reducing Dependence On Non-European Infrastructure

According to Nagel, around two-thirds of card payments in Europe currently rely on non-European systems. This reliance is seen as a structural vulnerability. A digital euro could help reduce this dependency by supporting a more integrated and locally controlled payments framework.

Legislative Roadmap And Timeline

Looking ahead, Nagel expressed a strong optimism regarding the legislative process, suggesting that completion could occur by year‑end. This progress may set the stage for the first issuance of the digital euro as early as 2029, in alignment with Europe’s broader ambitions for financial resilience and technological advancement.

Comprehensive Payments Strategy

During the discussion, Georgakis outlined the European Central Bank’s approach to payments. The strategy combines retail and wholesale systems, including instant payments, a digital euro, and infrastructure based on distributed ledger technology. Improving cross-border payment efficiency remains a key objective.

Transforming Europe’s Financial Landscape

The discussion reflected alignment between central banks, policymakers, and other stakeholders on the direction of Europe’s payment systems. Development of a digital euro is positioned as part of a broader effort to strengthen financial infrastructure, support economic resilience, and maintain the euro’s role in a changing global environment.

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