PM Mitsotakis Touts EU Fiscal Win as Summit Splits Over Energy

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

Against the backdrop of a Brussels summit that split Europe down the middle over soaring energy costs, Prime Minister Kyriakos Mitsotakis struck an upbeat note in his Sunday social media post.

The summit exposed a deep rift. Southern states (Italy, Greece, Spain, Portugal and Cyprus, joined by Poland) pressed for more spending room to confront an energy Armageddon. Germany, the Netherlands, Austria, Denmark, Sweden and Finland insisted on no fiscal loosening. The standoff leaves European households in limbo.

Mitsotakis instead chose to highlight that a Greek proposal had been cleared for further discussion. The plan calls for an emergency adjustment of EU fiscal rules during the energy crisis, so that countries running surpluses, such as Greece, could offer targeted support to households and businesses while the crisis lasts. He wrote that leaders had asked the Commission to bring forward proposals promptly, which in effect pushes the issue to the next summit on November 26.