Androulakis: Unused funds from the Recovery Fund should be directed toward social housing

PASOK President Nikos Androulakis proposed the creation of a strong public financing pillar for affordable housing and social housing programs, proposing to recapitalize the Hellenic Development Bank using part of the unallocated funds from the Recovery Fund.

Androulakis: Unused funds from the Recovery Fund should be directed toward social housing

This article is an AI translation of an original piece published in Greek. Read original

 

PASOK President Nikos Androulakis emphasized the need for a new development plan with a 2030 horizon while speaking at the “Greece 2030” conference, where he presented seven key policy pillars for the economy and society.

A central point of his speech was the proposal to utilize unallocated resources from the Recovery Fund to strengthen the Hellenic Development Bank, with the aim of financing affordable and social housing programs. As he noted, the European Commission’s recent initiative allows member states to convert unspent European funds into permanent financing instruments for social policy.

Mr. Androulakis argued that Greece continues to face serious structural weaknesses, pointing to low productivity levels, deficits in external competitiveness, the demographic problem, inflation, and high private debt. At the same time, he criticized the government for its management of Recovery Fund resources, citing a lack of strategic planning and priorities.

The PASOK president also reiterated the party’s positions on protecting primary residences, a stricter regulatory framework for funds, and the settlement of debts to the state in 120 installments, emphasizing that growth must be combined with social justice and an improvement in citizens’ standard of living.

 

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