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PoliticsGreek Politics
Under increasing domestic pressure, govt awaits EU signs for response to energy security threat Russia’s decision to act on its threat to cut off gas flows to Poland and Bulgaria in a row over sanctions has sharpened the government’s focus on the security of national energy supplies.
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PoliticsGreek Politics
With focus on energy, Athens hopes for boost from Macron re-election Greek Prime Minister Kyriakos Mitsotakis hopes that the re-election of Emmanuel Macron as French President bodes well for his government’s hopes of further progress within the European Union on effective answers to the economic and energy challenges posed by the war in Ukraine and other recent developments.
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PoliticsGreek Politics
Govt eyes own energy package if EU fails to approve joint action Recognising that the cost-of-living crisis is its Achilles’ heel at the moment, the Greek government appears to be drawing up plans to launch its own scheme to contain energy prices if no joint action is agreed at EU level.
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PoliticsGreek Politics
PM set to prolong coal use, sparking complaints about energy policy U-turn A decision to prolong the use life of several coal-burning power stations has put Prime Minister Kyriakos Mitsotakis on the spot, as opposition parties accuse him of being personally responsible for the energy crisis he is purporting to address.
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PoliticsGreek Politics
Authorities ready energy "plan B" for potential supply disruptions as cost of living prompts strike High energy prices and the risk of a disruption in the supply of natural gas from Russia have prompted a series of crisis meetings involving the prime minister and the energy minister with the regulator and the energy companies to put together a strategic response for tackling potential energy shortages.
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PoliticsGreek Politics
PM focuses on high prices, food supplies as snap election option fades away The cost-of-living crisis remains the government’s number one priority after little progress was made on containing energy prices at last week’s European Union leaders’ summit.
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PoliticsGreek Politics
PM yields on energy windfall tax as govt feels strain As his government continues to slide in the opinion polls, Prime Minister Kyriakos Mitsotakis has pledged to impose a windfall tax on energy companies if they make excess profits from rising bills. He also ruled out snap elections or a change to the electoral law.
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PoliticsGreek Politics Pressure intensifies on govt for more radical interventions in energy markets The support package unveiled by the government last week already appears inadequate to contain the continuing surge in energy prices, leading industry and other pressure groups to join the opposition’s demand for stronger measures.
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PoliticsGreek Politics
PM unveils 1.1-billion-euro anti-inflation package to opposition scepticism The government is pinning its hopes on a new support package to blunt the effects of galloping inflation on households and businesses, but the opposition is accusing Prime Minister Kyriakos Mitsotakis of being too timid and missing the mark.
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PoliticsGreek Politics
Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU Details are emerging of the government’s plans for further economic support measures to cushion the effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks, the stance adopted by the EU will be crucial in determining how far the Finance Ministry can go to counterbalance cost-of-living rises.