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EU resists PM’s call for fiscal flexibility, leaving ND exposed to domestic pressures
This week’s European Council has been dominated by the renewed energy crisis, the next multiannual EU budget and the strain of geopolitical instability. For Greece, the summit carried particular significance as Kyriakos Mitsotakis arrived seeking additional fiscal flexibility to shield households and businesses from soaring energy costs, but he appears to be leaving without securing the concessions he had hoped for.
Against a backdrop of varied concerns, Mitsotakis reportedly argued that rising energy prices are eroding household purchasing power and undermining business competitiveness, fuelling a new wave of inflation that national budgets cannot absorb alone.
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