Greece Lags Behind EU in Safeguarding Against Security Risks from Foreign Investments
The timing of Greece's long-overdue move is particularly striking given that the European Union is already preparing to go a step further. As the European Union sharpens its tools to protect member states from potential security threats posed by foreign investments, Greece remains the last to implement the bloc's regulatory framework-five years after it was introduced. While most EU countries have already adopted mechanisms to screen foreign direct investments (FDI) in sensitive sectors, Greece is only now beginning to align itself with Regulation (EU) 2019/452, placing it at the institutional tail end of the Union in this critical area of economic security. The regulation, in force since October 2020, encourages member states to monitor foreign investments that may threaten public order or national security, particularly in sectors such as energy, transport, technology, and defense. It also fosters cooperation between EU governments...
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