Ecofin: The Recovery Fund on the agenda of the meeting

An informal meeting of Ecofin, via teleconference, is included in tomorrow’s agenda, with the main topic of discussion being the Recovery Fund. Greece will be represented by the Minister of Finance Mr. Christos Staikouras.

At the meeting, the European Union finance ministers will discuss the implementation of the Recovery Fund and are expected to give final approval to four more National Recovery and Sustainability Plans, which are the second package of Plans submitted by EU member states.

It is recalled that at the previous meeting of Ecofin, on June 13, the “green light” was given for the first 12 National Plans for Recovery and Sustainability, including the plan “Greece 2.0”, which had received particularly positive feedback on the complete picture it presented.

Thus, after tomorrow’s meeting, the total number of approved National Plans is expected to reach 16.

The European Union’s finance ministers will also consider a package of new measures announced a few days ago by the European Commission to combat money laundering, terrorism, etc.

With these measures, the European Union aims to strengthen the existing framework and improve the detection of illegal transactions and activities, such as money laundering, taking into account the new challenges posed by technological developments.

The latter includes the vertical strengthening of the popularity of the cryptocurrency market, with crypto transactions being among the areas targeted by the ongoing modernization of rules.