In a critical international situation, the 27 leaders of the European Union are meeting in a few hours in Brussels in a Extraordinary Summitcalled upon to address issues such as financial support and reconstruction of Ukraine, food chain security, energy and defense.
Government sources confirm that during his speeches, the Prime Minister, Kyriakos Mitsotakiswill reiterate its proposal for take steps to streamline the marketso that reduce the final price of electricity reaching the consumer. The same persons also remind that the government has implemented its own national support plan, which envisages increased electricity subsidies for May and June, as well as a retroactive return of up to 600 euros to consumers’ bank accounts with an income of up to 45,000 euros for the increaseswhich were not subsidized in the period December 2021-May 2022.
In addition, the national support plan provides for indirect abolition of the adjustment clause with the mechanism that will be implemented from July 1 and which will reduce increases in electricity by 70-90%. However, despite the interventions at national level, Greece will continue, as confirmed by government officials, to claim a European solution as, as the Prime Minister has repeatedly said, this is a European problem that requires a European solution. In this context, Kyriakos Mitsotakis is expected to emphasize that the big picture of the need to get rid of Russian fossil fuels should not overshadow the debate on the need to take immediate action to put a brake on electricity prices and relieve citizens.
Relevant to the above are also the latest proposals from the European Commission on energy and RepowerEU, which in Athens are moving in the right direction. It is noted that Greece can still raise additional funds from the European Pollution Fund (ETS), as well as from the unallocated loans of the RRF, however, these proposals make it clear that they do not sufficiently take into account the need for consumer support.
On her forehead of Turkish provocationKyriakos Mitsotakis is expected to inform its counterparts about the escalation on the part of the neighboring country and the escalation of the Turkish provocation, as well as the risk of escalation of tension in the region, at a critical juncture where the latter is yet another source of tension in an already geopolitically charged European landscape. In fact, he is expected to emphasize that Greece is always in favor of dialogue, but the violation of sovereignty and sovereign rights will not be accepted.
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