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Greece, EU: investments restart

The fifth report of the Task Force for Greece signals the progress of Athens, which has begun to unblock infrastructure investments - Olli Rehn: "Greece's ability to absorb EU funding is improving, but the situation for citizens remains dramatic" .

Greece, EU: investments restart

Greece is slowly restarting. According to the fifth report of the Task Force activated in 2011 by the European Commission to monitor and assist the Greek authorities, "good progress" has been made in the last period to unblock infrastructure investments, so much so that the works on four motorways, with a total value of 7,6 XNUMX billion euros, suspended for three years, are on the verge of being restarted.

For the European Commissioner for Economic Affairs Olli Rehn "it is particularly encouraging to see the strong improvement in the absorption of EU funding by Greece, which is an essential source for investments at the moment". In the European ranking of the absorption of structural funds, Greece has shown "surprising improvements", and has risen from 18th place to sixth place, from December 2011 to today.

If the economy sends encouraging signs, however, "the situation – added Olli Rehn – remains very difficult for Greek citizens and unemployment remains dramatically high".

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