In response to escalating energy costs, Greek Prime Minister Kyriakos Mitsotakis is seeking greater fiscal flexibility from the European Union, although he acknowledges that substantial financial relief should not be anticipated. Following discussions with EU leaders in Brussels, Mitsotakis confirmed that the European Commission is open to considering Greece’s proposals for temporary fiscal adjustments to address the financial strain on households.
Mitsotakis underscored his government’s commitment to maintaining fiscal discipline and protecting the economic progress achieved since Greece’s financial crisis. Despite the pressures of rising energy prices, he ruled out the possibility of implementing large-scale spending measures aimed merely at political gain.
To alleviate the burden on households, the Greek government has already introduced subsidies targeting the increased cost of living and energy. Mitsotakis is advocating for additional leeway to implement further targeted and temporary support measures, all while operating within the country’s financial constraints.
The Prime Minister emphasized that Greece will continue to handle the energy crisis through measures that are financially sustainable. However, he is appealing for more flexibility from European institutions to enable additional support where necessary, illustrating the ongoing challenges faced by Greece in managing the impacts of rising energy costs.