Hopes of EU providing immediate relief wane as economic challenges multiply

PoliticsGreek Politics Tags: Budget, European Union, Markets, Mitsotakis, New Democracy

The first day of the EU leaders’ summit in Versailles on Thursday did not produce particularly encouraging developments for the Greek government, which is hoping that Europe will step in to provide solutions on the fiscal front as the energy crisis and runaway inflation fuel political concern.

Prime Minister Kyriakos Mitsotakis arrived at the meeting having put forward a six-point plan to limit natural gas prices for electricity production and consumers. However, the idea of a price cap does not appear to have universal support among his EU c...

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