“Today, we took another important step in our long effort to protect our citizens and businesses from excessive gas prices,” the prime minister tweeted.
The Greek Prime Minister welcomes the agreement of the Brussels Energy Ministers for a cap on natural gas at 180 euros from February 15, which is a Greek proposal.
“The market correction mechanism sends a clear message that when markets fail, governments step in. We will not allow our institutions to be armed against us. This is an additional tool to help protect our economies from the sudden increase in natural gas prices. Today, we took another important step in our long effort to protect our citizens and businesses from the excessive gas prices caused by Russia’s invasion of Ukraine. The market correction mechanism – Greece’s proposal submitted 9 months ago – has finally been adopted by Europe’s energy ministers,” he wrote characteristically on Twitter.
Today is another milestone in our long effort to shield our citizens and businesses from excessive gas prices caused by Russia’s invasion of Ukraine. The market correction mechanism – a GR proposal submitted 9 months ago – has finally been adopted by Europe’s energy ministers.
— Prime Minister GR (@PrimeministerGR) December 19, 2022
Today’s agreement by the energy ministers puts an end to a months-long thriller, during which even the cohesion of the European Union was tested, with major conflicts and even a veto threat from the countries that insisted on a solution as soon as possible.
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