Time and money

The money from the European Union’s recovery fund is necessary oxygen for the economy. Critics have called for more generous funding, along the lines of the US government reaction to Covid-19.

What is important now, however, is not just the size of the recovery package but also the speed at which it can be disbursed and absorbed. Greece seems to have made the necessary preparations this time. Hopefully, Europe will not be the one to drag its feet.

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