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“The risk of different speed of recovery from COVID-19 crisis among eurozone countries is not behind us,” European Union Economic Commissioner Paolo Gentiloni said on Tuesday, as reported by Reuters.

“The European Commission is working to allocate 13% of EU recovery funds to each country by the summer break,” Gentiloni added.

Market reaction

These comments don’t seem to be having a significant impact on the shared currency’s performance against its major rivals. As of writing, the EUR/USD pair was down 0.17% on a daily basis at 1.2025.

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