By Tasos Dasopoulos In the following days, the amount corresponding to 60% of the readjustment clause paid in the 6th month (from December 1, 2021 to May 31) will begin to be paid to the beneficiaries, after first deducting the state subsidies and any discounts made by the provider of the consumer. As it has […]
Tag: energy crisis
Germany reopens coal plants due to reduced Russian power
By Julie Coleman Germany’s parliament agreed on Friday to restart decommissioned coal-fired power plants to produce electricity, reducing its dependence on Russian energy supplies but potentially pushing the country further away from its climate goals. Germany’s economy minister, Robert Habeck, called the move “painful but necessary”, the Guardian reported, and even the country’s Green Party […]
The Bavarian Prime Minister warns of the risk of an energy blackout in Germany
CSU leader Markus Söder warns in stark terms of Germany’s impending energy crisis, speaking of a “gas emergency” and “blackout”. “Dark clouds are gathering over Germany,” says the Bavarian premier gloomily. Söder’s concern is that Germany is worse prepared for the coming crisis than other European countries – which, for example, keep nuclear plants running […]
Scholz promises that the energy shift will help Germany remain an industrial giant
Germany needs to produce more energy from renewable sources to reduce its dependence on fossil fuel imports and cope with expected natural gas shortages, Chancellor Olaf Scholz said, according to Bloomberg. Energy security will be an issue for “weeks, months and years,” Soltz said in a video message released today. Germany is building liquefied natural […]
Al. Tsipras: Prime Minister’s lack of seriousness and responsibility – Political change is necessary
The need for political change, so that Greece can find its pace and face modern challenges, was underlined by the president of SYRIZA-PS, Alexis Tsipras, speaking at the Economist conference, while he launched an attack on Prime Minister Kyriakos Mitsotakis, accusing him of “a lack of seriousness and responsibility”. Alexis Tsipras argued that, while in […]
Al. Haritsis: Greece was not prepared to deal with the energy crisis
Greece was not prepared to deal with the consequences of the energy crisis, stressed the head of the Economy and Investments department of SYRIZA-PS, Alexis Haritsis, speaking at the Economist conference. He noted that “as of June 2021 in parliament SYRIZA pointed out that Greece had the highest wholesale energy prices and the government then […]
El Erian: The possibility of stagflation in the global economy is very likely
The big problem facing economies today, which is reflected in the course of international financial markets, is inflation combined with major changes taking place, such as the energy crisis, according to the president of Queen’s College, University of Cambridge and chief economic adviser to Allianz, Mohamed El Erian. Speaking at the Economist conference, Mr El […]
SYRIZA attack on K. Mitsotakis for the energy policy
SYRIZA-PS attacks the prime minister for his energy policy on the occasion of the Macron government’s decision in France “to fully nationalize EDF”. “This is a strategic move of energy shielding in view of a difficult winter and the great energy challenge that is ahead of us,” reports SYRIZA and adds: “Mr. Mitsotakis is out […]
The scenarios for the new support measures for September
By Tasos Dasopoulos The final cost of implementing the measures that have already been announced, such as intervention in electricity tariffs, or are to be implemented, such as Fuel Pass 2, will determine the continuation of the support measures until the end of the year. Competent sources of the Ministry of Finance now state that […]
The French electricity company EDF is fully nationalized
The French government will fully nationalize the country’s electricity company EDF, Prime Minister Elizabeth Bourne has announced. “I confirm to you today that the state intends to control 100% of EDF’s capital,” Bourne told the lower house of parliament. EDF, already 84% owned by the French state, is facing delays and budget overruns at its […]
