Greece leads in Recovery Fund absorption, reforms

The Recovery and Resilience Fund enabled investments that otherwise would not have been made or would have been significantly delayed, Minister of National Economy and Finance Kostis Hatzidakis emphasized in his intervention at the ECOFIN meeting in Luxembourg on Friday.

Hatzidakis pointed out that these investments had a positive impact on the European economy as a whole, not just on beneficiary countries.

He also evaluated positively the fact that the funding is tied to reforms agreed upon between the European Commission and member-states.

Regarding Greece, Hatzidakis highlighted that it is receiving the largest financial package relative to GDP.

He stated that Greece has been a champion in implementation, having received 14.9 billion euros so far, which represents 41% of the total program, surpassing the European average of 30%.


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