Latsis Foundation, Eurobank EFG in ambitious EUR 60 mln programme for Greece

The John S. Latsis Public Benefit Foundation, the Latsis Group and Eurobank EFG have announced an ambitious programme estimated to cost EUR 60 mln for the reconstruction of the regions and for the support of the civilians who were affected by the devastating fires in Greece.

The three groups have offered EUR 20 mln each in order to support the urgent needs caused by the fires, but also to reinforce the infrastructure for the prevention of similar disasters and contribute to the rehabilitation of the environment.

To support the fire victims, the programme includes financial support to families who have lost their kin relatives, financial support to fire victims who lost their main residence or main property, total write-off of debts arising from housing, consumer and agricultural loans that have been previously granted by Eurobank EFG to the fire victims.

For the prevention of fires a donation has been announced of equipment to the Fire Brigade in support of its operational efficiency and financial support to Non Governmental Organisations and other voluntary organisations that are actively engaged in forest protection.

Financial support has also been pledged towards the national program for the rehabilitation of forest areas that were destroyed by the fires.

The sum of 20 mln euros, granted by the John S. Latsis Public Benefit Foundation, will be exclusively directed to the rehabilitation of fire victims and the municipalities and communities that were destroyed in the prefecture of Ileia. This special care is dictated not only by the fact that the prefecture in question was affected more than any other region, but also because the John S. Latsis Public Benefit Foundation’s founder descended from the region, to which he had linked his charitable activity for more than 40 years.

The initiatives include immediate relief for the homeless, an educational allowance for all students (in all levels of education) who have lost one of their parents, infrastructure projects for the municipalities and communities that were destroyed by the fires (school buildings, health centres etc.) and financial contribution for the rehabilitation of the surrounding areas of the archaeological site of Ancient Olympia.