Greek Prime Minister Kyriakos Mitsotakis has indicated that while the European Commission is open to Greece’s proposals for increased fiscal flexibility to tackle soaring energy costs, significant financial relief from the European Union should not be anticipated. Following discussions at a meeting of EU leaders in Brussels, Mitsotakis highlighted the importance of maintaining fiscal discipline to preserve the economic progress Greece has made since its financial crisis.
The Greek government has implemented subsidies to alleviate the impact of rising energy prices and the cost of living, issues that continue to be major concerns for Greek households. Mitsotakis is advocating for additional leeway to introduce targeted, temporary support measures within Greece’s financial capabilities.
Despite the challenges posed by the energy crisis, Mitsotakis reassured that Greece would continue to address the situation through measures it could afford, while also seeking greater flexibility from European institutions to provide further assistance when necessary.
The prime minister underscored his commitment to protecting Greece’s fiscal achievements by ruling out large-scale spending initiatives aimed primarily at gaining political favor. Instead, he emphasized a strategic approach focused on sustainable financial management and the introduction of measures that are both temporary and targeted.