Message that no extension will be extended to the final deadline August 2026 for Submission of funding requests by the Recovery fundthe Deputy Director General of Economic Affairs conveyed Commission; Declan Costelloin Athens, thus ringing a “bell” for speeding up and intensifying the relevant efforts.

At the same time, the Irish former head of the commission’s mission to Athens, in the context of the Mnemonic Troika, said that despite progress, there is room for Greece to accelerate the effort to converge with the European Union, since the level of living is lower under the About 1/3 of the average European term.

About the recovery fund, as reported by “Everyday“, In the 18 months left over Greece is called upon to cover 240 milestones, that is, about 2/3 of the total, in order to absorb the remaining 18 billion euros it is entitled to. “It is a difficult deadline that must be respected,” Mr Costello said at an event of the European Commission and the IOBE yesterday, following contacts with the competent Greek authorities.

In this context, one more – last according to Mr Costello – is given the opportunity to revise the recovery fund program to Easter to dispel or modify projects and programs that have no hope of proceeding and replaced with others.

All funded countries face a similar challenge, but for Greece it is greater, as the resources it receives from the recovery fund are proportionally much more, about 17% of its GDP. The climate in the Pottery Countries of little interest in the recovery fund is that the fund’s resources were approved for a specific purpose (tackling the pandemic) and lump sum and therefore there is no room for extension. Since the decision requires unanimity, it will hardly be taken.