Greek Prime Minister Kyriakos Mitsotakis announced that the European Commission is open to Greece’s proposals for increased temporary fiscal flexibility to combat rising energy costs. However, he warned against expecting significant financial relief measures from the European Union.
Following a meeting with EU leaders in Brussels, Mitsotakis underlined the importance of maintaining fiscal discipline and protecting Greece’s financial progress since its economic crisis. He dismissed the idea of large-scale spending measures aimed at garnering political support, instead focusing on targeted support within existing financial constraints.
The Greek government has already implemented subsidies to alleviate the impact of surging energy prices and the cost of living, which continue to be pressing issues for Greek households. Mitsotakis is seeking additional leeway to introduce more targeted and temporary support measures, while staying within the country’s financial boundaries.
Mitsotakis stressed that Greece would persist in addressing the energy crisis with measures it can afford, while also pursuing greater flexibility from European institutions to provide further assistance as needed. This approach aims to balance immediate relief with long-term fiscal stability.