Greek Prime Minister Kyriakos Mitsotakis has announced that the European Commission is open to considering Greece’s proposals for increased fiscal flexibility to combat rising energy costs. Although Mitsotakis expressed optimism about this potential support, he cautioned that substantial financial relief measures from the European Union should not be anticipated.
Following a meeting of EU leaders in Brussels, Mitsotakis reiterated his government’s commitment to maintaining fiscal discipline, ensuring that Greece continues to build on the progress achieved since its financial crisis. He stressed that the government would not engage in large-scale spending initiatives aimed solely at garnering political favor.
To mitigate the impact of soaring energy prices and the broader cost of living crisis, the Greek government has already implemented subsidies. These measures are intended to alleviate the financial strain on households, which remains a significant concern. Mitsotakis is seeking additional latitude to introduce targeted, temporary support measures within Greece’s financial constraints.
Mitsotakis emphasized that Greece would persist in addressing the energy crisis through affordable measures while advocating for greater flexibility from European institutions to offer further assistance as needed. This approach reflects the government’s intent to balance fiscal responsibility with the immediate needs of its citizens during challenging economic times.