Following a meeting of European Union leaders in Brussels, Greek Prime Minister Kyriakos Mitsotakis announced that the European Commission is open to considering Greece’s proposals for increased temporary fiscal flexibility. This move is aimed at mitigating the impact of rising energy costs on Greek households. However, Mitsotakis cautioned that significant financial relief from the EU should not be anticipated.
Mitsotakis underscored his government’s commitment to maintaining fiscal discipline, a crucial element in safeguarding the economic recovery Greece has achieved since its financial crisis. He made it clear that his administration would not engage in large-scale spending measures that could be perceived as efforts to garner political support.
The Greek government has already rolled out subsidies to alleviate the stress of escalating energy prices and the overall cost of living, which remain pressing issues for many households. Mitsotakis is advocating for additional leeway to implement targeted and temporary support measures within Greece’s financial constraints.
Despite these challenges, Mitsotakis reiterated that Greece would persist in tackling the energy crisis with measures within its financial reach. At the same time, he is seeking more flexibility from European institutions to provide further assistance when necessary.