The European Commission approved the recovery plan “Greece 2.0” presented by the Greek government, European Commission President Ursula von der Leyen said on Thursday.

“Today I am very happy to announce that the European Commission has decided to give its green light to Greece’s recovery and resilience plan ‘Grecce 2.0’, as you have named it. This follows excellent cooperation between our teams,” von der Leyen said during a visit to Athens.

According to her, the plan will “deeply” transform the Greek economy as it provides the green and digital transition.

Von der Leyen added that the European Commission will allocate 30.5 billion euros for the plan’s implementation.