Friday, June 21 2024

Kyriakos Mitsotakis: Resources against energy hikes not ‘infinite’

Kyriakos Mitsotakis: Resources against energy hikes not ‘infinite’

The Greek economy does not have “infinite” resources to keep offsetting the impact of skyrocketing energy prices, Prime Minister Kyriakos Mitsotakis told ministers on Tuesday, warning of a “tough” winter ahead.

“Any steps we take will be measured so that temporary needs do not undermine national imperatives… If we have succeeded in supporting society so far, to the best of our ability, it is precisely because we exhaust the fiscal limits, without abolishing them,” the prime minister told a cabinet meeting at his office in Athens.

The prime minister hailed the European Commission’s announcement on Monday that it intends to introduce a series of reforms to the energy market to contain runaway prices, but warned against delaying any such initiatives.

“Every day that passes without a joint approach to the energy crisis makes the problems for all Europeans grow,” said Mitsotakis, who had presented Brussels with list of such reform proposals earlier in the year.

The energy crisis, added Mitsotakis, is a concerted assault against the West by Russia, which “is seeking to create social turmoil and political instability inside the countries opposing its plans by applying economic pressure.” He added that Greece is among the countries being targeted by Moscow for taking Ukraine’s side in Russia’s ongoing invasion.

“Mr Putin is doing nothing to hide it, and neither is Mr Erdogan, who has publicly stated that he would like a different government in Athens,” Mitsotakis added, referring to Russian and Turkish presidents, respectively.