Greece leading EU states in funding plans

Greece is among the seven European Union countries to date to have submitted a fully formed blueprint for the utilization of resources from the Next Generation EU fund. This is according to Declan Costello, the deputy director general for economic and financial affairs at the European Commission.

The EU official, known in Greece since his time as a member of the creditors' "troika" in the 2010s, was speaking at an online conference by The Economist on the Next Generation EU fund, and praised the Greek government for its "very good start."

He did warn, however, that the difficulties in Greece arise in the implementation phase and in the absorption of resources, so this is where the challenge lies now, he noted.

In the same vein, the head of the Commission's Recovery and Resilience Task Force (RECOVER), Céline Gauer, said that Greece was one of the first...

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