We are experiencing unprecedented situations, a global geopolitical crisis, as a result of the Russian invasion. It leads to a sharp rise in energy prices. It causes strong inflationary trends all over the world. It is a crisis that is primarily imported but must also be addressed in national terms. It must be addressed through interventions in the wholesale market and prices.
This was stressed by Prime Minister Kyriakos Mitsotakis speaking at the Forum of the Economic Post, “The Changing World”.
He noted that “we are a country that still has low wages” and “the pressure is very high” and pointed out that the country took measures that were generally targeted. He typically mentioned the subsidy for electricity bills, the emergency allowance for the weakest households, the subsidy of 60 liters per month for fuel, interventions for businesses and farmers. “We want to support domestic production. These are the national measures we can take,” he said.
He also pointed out that there are ongoing checks on profiteering. “Where profiteering is detected, we will not hesitate to impose the maximum fines allowed by law. We also have tools for transparency and price comparison,” he stressed.
Source: Capital
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