Greece is among the leaders in the speed and quality of implementation of Recovery & Resilience Fund (RRF) programs, said the European Commission’s Deputy Director General for Economic & Financial Affairs, Declan Costello, on Thursday, speaking at the 26th Annual Economist Government Roundtable that is being held in Athens on July 5-7.
It is critical, he added, that Greece submits payment requests to the RRF within the time schedules, and that it ensures a continuous flow of funding, as this will send a “strong signal to markets and investors.”
Regarding Greece’s financing thus far, he said that 6.1 bln euros – or 3% of GDP- has already been transferred to Greece, and he pointed out that “we are working with the [Greek] government so that in September another 1.7 bln euros will come, and another 3.5 bln euros will follow at the end of year.”
At the same time, the European official warned that “Greece must avoid the mistakes of the past, when the administration stopped working during the pre-election period”.
SOURCE; ANA-MPA
