A Tough Winter Looms for Greece’s Economy. What’s the Plan?

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

The Greek government is preparing up to 200 million euros in new support to help households and businesses cope with high fuel prices this winter, but it is deliberately holding off on the details.

The package would come on top of about 800 million euros in energy measures already in place, and its final size has not been set. Measures for gasoline and diesel are due to be announced on Sept. 30, followed by measures for heating oil on Oct. 14.

Athens is using the delay to gauge the direction of international oil markets. It is also watching an effort led by French President Emmanuel Macron and Fatih Birol, the head of the International Energy Agency, to secure a coordinated release of large volumes of oil from the strategic reserves of the Group of Seven major economies. Greater supply could ease prices before national governments are forced into heavier spending.